Peter Schiff Says Michael Saylor-Led Strategy’s Convertible Debt Offerings ‘Aren’t Going Well’ As Stock Falls Despite Bitcoin’s Gain
Posted On February 20, 2025
Influential economist and market commentator Peter Schiff expressed concerns over Strategy Inc.‘s (NASDAQ:MSTR) convertible debt offerings on Wednesday, hinting at potential financial troubles for the Bitcoin (CRYPTO: BTC) treasury company.
What Happened: Schiff took to X to highlight the 4.5% decline in the company’s shares despite Bitcoin’s gain of 2.5%.
“It looks like the new MSTR convertible notes aren’t going over too well,” Schiff wrote
Schiff suggested that if the company’s shares continue to trade at a discount to its Bitcoin holdings, it could lead to a negative Bitcoin yield.
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