Peter Schiff: MSTR Is At The ‘Beginning Of The End’ And Just Doing ‘Damage Control’

Strategy Inc. (NASDAQ:MSTR) added 1,550 Bitcoin (CRYPTO: BTC) worth approximately $101 million last week, but critic Peter Schiff is not impressed.

“Damage Control”

Schiff argued that the transaction highlighted a growing problem for Strategy’s capital allocation model.

In an X post on June 8, Schiff called the purchase “damage control, while also increasing its U.S. dollar reserves by $100 million.”

He claimed that if Strategy sold common stock below the level required to make …

Full story available on Benzinga.com