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But we saved everything 🙂.
Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, questions the current valuation of Strategy. Schiff highlights that Strategy has a market cap of $29.54 billion, but holds just over $50 billion in Bitcoin assets. He also notes the company has an unrealized loss of nearly $14 billion on its Bitcoin purchases, and the market value of MSTR stock is less than half of the money spent by Michael Saylor to acquire those assets.
Earlier this year, Schiff argued that large-scale Bitcoin buying by Strategy and similar firms was a key factor behind the cryptocurrency’s price surge, rather than recent sales events, according to his previous commentary. In a separate note, he highlighted the decline in STRC, which fell below $100 and pushed its yield to 12.3%, leaving early investors with a loss of 6.5% as STRC's valuation shifted. These observations add context to Schiff’s ongoing scrutiny of corporate strategies involving digital assets and market capitalizations.