Peter Schiff: Owning MSTR Is 'The Worst Way' To Play Bitcoin

Benzinga01:32

“Owning MSTR Is The Worst Way“In an X post on June 9, Schiff sparked a debate over leverage, dilution and the sustainability of Michael Saylor’s Bitcoin accumulation strategy. He claimed Strategy is ...

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He claimed Strategy is ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/06/53097590/peter-schiff-owning-mstr-is-the-worst-way-to-play-bitcoin\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTU","symbol_name":"2倍做多MSTR ETF-T-Rex","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/06/53097590/peter-schiff-owning-mstr-is-the-worst-way-to-play-bitcoin","article_id":"2642494672","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2026/06/09/Apex--North-Carolina---May-7-2025-Strate.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/crypto/cryptocurrency/26/06/53097590/peter-schiff-owning-mstr-is-the-worst-way-to-play-bitcoin","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2642494672","pubTimestamp":1781026345,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Strategy Inc.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSTU":"2倍做多MSTR ETF-T-Rex","07399":"XI二南策略","APED":"STKd 100% MSTR & 100% COIN ETF","MSTW":"Roundhill MSTR WeeklyPay ETF","MTYY":"GraniteShares YieldBOOST MSTR ETF","3LMI.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","MSTX":"2倍做多MSTR ETF-Defiance","BK4596":"哈里斯概念","07799":"南方两倍做多MSTR","SMI3.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","MSTY":"MSTR期权收益策略ETF-YieldMax","LMI3.UK":"GRANITESHARES 3X LONG MSTR DAILY ETP","MSTR":"Strategy","BK4588":"碎股","BK4600":"加密货币概念","MSTK":"Tuttle Capital MSTR 0DTE Covered Call ETF","MSTZ":"2倍做空MSTR ETF-T-Rex","MSST":"YieldMax MSTR Performance & Distribution Target 25 ETF","BK4595":"比特币概念","MST":"做多杠杆+收益MSTR ETF-Defiance","SMST":"2倍做空MSTR ETF-Defiance","MSII":"REX MSTR Growth & Income ETF","WNTR":"做空MSTR期权收益策略ETF-YieldMax","BK4516":"特朗普概念","BK4023":"应用软件","09799":"南方两倍做多MSTR-U","MSDD":"2倍做空MSTR ETF-GraniteShares","MSTP":"2倍做多MSTR ETF-GraniteShares","BK4585":"ETF&股票定投概念","MSTY.UK":"YIELDMAX MSTR OPTION INCOME STRATEGY ETC","3SMI.UK":"GRANITESHARES 3X SHORT MSTR DAILY ETP","MSOO":"2倍上限加速MSTR ETF-Leverage Shares","09399":"XI二南策略-U","IMST":"MSTR期权收益策略ETF-Bitwise"},"translate_title":"Peter Schiff：拥有MSTR是玩比特币的“最糟糕方式”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSTY":0.6,"09399":0.6,"3SMI.UK":0.6,"MSTY.UK":0.6,"LMI3.UK":0.6,"MSTP":0.6,"MTYY":0.6,"09799":0.6,"MSTR":1.98,"SMI3.UK":0.6,"MSOO":0.6,"MSTU":0.6,"MSST":0.6,"WNTR":0.6,"MSTX":0.6,"07799":0.6,"IMST":0.6,"APED":0.6,"MSTK":0.6,"07399":0.6,"SMST":0.6,"MSDD":0.6,"MSTZ":0.6,"MSII":0.6,"MST":0.6,"MSTW":0.6,"3LMI.UK":0.6},"content_text":"“Owning MSTR Is The Worst Way“In an X post on June 9, Schiff sparked a debate over leverage, dilution and the sustainability of Michael Saylor’s Bitcoin accumulation strategy. He claimed Strategy is already sitting on a loss of more than $6 million from its recent purchase of 1,550 Bitcoin.Over the past five days, MSTR is down over 8%.According to Schiff, the acquisition not only lost value as Bitcoin declined but also reduced Bitcoin per share, resulting in what he described as a negative Bitcoin yield for shareholders.“Even if you are bullish on Bitcoin, owning MSTR is the worst way to make that bet,” Schiff said.The comments come as investors increasingly scrutinize Strategy’s capital structure following its first reported Bitcoin sale since 2022 and the expansion of multiple Bitcoin-linked preferred share offerings.Crypto Twitter Pushes BackNot everyone agreed with Schiff’s assessment.Trader ZeroReserveNews acknowledged that the negative Bitcoin yield calculation was \"mechanically correct\" for the specific transaction but argued the analysis ignored Strategy’s broader financial position.According to the trader, the company deliberately built a roughly $1 billion cash reserve to avoid issuing additional shares or selling Bitcoin during periods of market weakness.The trader argued that the debate should focus on balancing dilution risks against dividend obligations rather than presenting a simple choice between owning Bitcoin and owning MSTR.Schiff remained unconvinced and responded, \"But MSTR will burn through that cash paying dividends of preferred shares. Then what?\"Image: ShutterstockMarket News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. 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