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STRC falls below $100 and new yield matches 12.3 percent, Peter Schiff notes
Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, notes that STRC is trading at 93.5, meaning investors who paid $100 are now down 6.5% on an investment promoted as safe for retirees prioritizing principal protection.
Schiff also points out that the current yield has risen to 12.3%, and states that Strategy must match this higher yield for new issuance, up from 11.5%.
Schiff previously said that large Bitcoin purchases by Strategy and other firms were major factors in driving up prices, rather than recent sales, in a recent analysis. In a separate warning, he suggested that Bitcoin could see a sharp drop below $20,000 if the $50,000 level does not hold, pointing to elevated market complacency in his earlier commentary. These statements reflect Schiff's ongoing scrutiny of asset risk levels for retail and long-term investors.
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