CNBC aired Saylor but did not cover major losses or MSTR decline, Peter Schiff notes

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1 hour ago

CNBC aired Saylor but did not cover major losses or MSTR decline, Peter Schiff notes — CNBC silent on MSTR, STRC losses

Peter Schiff, CEO and chief global strategist at Euro Pacific Capital, criticized CNBC for not reporting on the collapse of STRC, the notable selloff in MSTR, and the growing discount of MSTR to net asset value.

Schiff argued that after granting Saylor substantial airtime, CNBC should at least address the losses suffered by investors, especially regarding potential future sales of common stock or Bitcoin.

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Schiff previously noted that STRC traded at $93.5, leaving early investors down 6.5% and pushing yield to 12.3%. He also argued that large-scale Bitcoin purchases by Strategy and other firms were key drivers of Bitcoin's earlier price surge. The remarks build on his ongoing criticism of institutional activity and disclosures around crypto-related investments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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