Peter Schiff Calls Strategy's Preferred Stock 'Most Obvious' Ponzi Scheme Because The Michael Saylor-Led Company Is 'Open' About It

Benzinga05-04 14:55

Renowned investor Peter Schiff on Sunday doubled down on his statement about Strategy Inc.‘s (NASDAQ:MSTR) preferred stock being “the most obvious” Ponzi scheme.Schiff’s Jibe At Strategy CEO’s ...

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It’s not like we’re taking the proceeds, and we’re then using those proceeds to pay out dividends,” Le said. “So, it’s very clear what we’re doing with the proceeds.”However, the response failed to impress Schiff.“But I never accused Strategy of hiding the scheme. In contrast, I called STRC the most obvious Ponzi precisely because MSTR is so open about it,” Schiff said.Strategy didn’t immediately return Benzinga’s request for comment.\n\nIs STRC Really A Ponzi Scheme?Strategy pays roughly $85 million monthly in cash dividends to STRC holders by issuing common stock and using those proceeds to fund the payouts. Schiff, on the other hand, has consistently questioned how the company could sustain the 11% dividend payout on the stock, noting the company’s persistent financial troubles in the Bitcoin bear market.Strategy Pauses BTC PurchasesAs of today, Strategy holds 818,334 BTC, representing roughly 3.9% of Bitcoin’s total supply. Its position remains profitable—for now—but risks turning red if BTC dips below $75,000. Moreover, Strategy’s market capitalization stood at $62 billion, compared to $65.42 billion in BTC holdings. This means that the stock is trading at a discount to its net asset value.Meanwhile, Strategy paused its weekly Bitcoin acquisition ahead of the release of its first-quarter financials, with Strategy CEO Michael Saylor saying, “No buys this week. Back to work next week.”\n\nPrice Action: At the time of writing, BTC was exchanging hands at $80,249.92, up 2.79% in the last 24 hours, according to data from Benzinga Pro.Strategy shares closed 7.08% higher at $177.17 during Friday’s regular trading session.Benzinga’s Edge Stock Rankings show the stock weakening over the long term, while holding a positive trajectory in the short and medium terms.Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Photo courtesy: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.To add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2632444935","isCrawlerRequest":true}