Strategy may have bought back STRC shares, Peter Schiff notes

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Hanna Syniavska

26 min ago

Strategy may have bought back STRC shares, Peter Schiff notes — Strategy may have bought back STRC

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, suggested that Strategy may have repurchased a large quantity of STRC stock, as he believes the share price would otherwise be much lower. Schiff also stated there could be increased selling pressure on Monday and suggested that Strategy might soon run out of cash. He added that if that happens, Michael Saylor could face a choice between selling Strategy shares or Bitcoin.

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Schiff has previously raised concerns about market performance in related sectors. Earlier this year, he highlighted that DJT shares closed at a record low, down 95% from their 2022 high. In a separate dispute, Schiff claimed that Puerto Rican regulators mishandled the liquidation of his bank.

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