Peter Schiff Questions Michael Saylor-Led Strategy’s Leverage Bitcoin Play Amid MSTR Decline: ‘Massive Dilution Has Destroyed Shareholder Value’

Influential economist and market commentator Peter Schiff criticized Strategy Inc.’s (NASDAQ:MSTR) debt-fueled Bitcoin (CRYPTO: BTC) purchases on Monday, pointing out the decline in the firm’s share price and the narrowing Net Asset Value premium.

What Happened: Schiff stated on X that despite the company’s co-founder Michael Saylor talking about his leveraged Bitcoin buys generating a yield of 6.9% this year, the stock value has dropped by 6%.

Schiff stated that the “massive dilution” has destroyed shareholder value, causing the premium to its Bitcoin holdings to collapse by 85%.

Full story available on Benzinga.com