The well-known crypto ecosystem critic, Peter Schiff, sharply criticized Michael Saylor after his company, Strategy, sold approximately 3,588 Bitcoin (BTC) for a value close to $225 million. The move caused a stir in the financial community, as the company had always defended a strict narrative of aggressive accumulation and holding its assets “forever.”
$MSTR spent the last two weeks selling Bitcoin. The average price on 3,588 Bitcoin sold was $60,196.73. Given MSTR’s average cost, that’s a realized loss of about $15K per Bitcoin, or about $54 million. With over 840K Bitcoin left to sell, the total losses will be much greater.
— Peter Schiff (@PeterSchiff) July 6, 2026
According to Schiff’s calculations, the company had been selling these assets over the past two weeks at an average price of $60,196.73 per coin. This would imply a realized loss of $15,000 for each BTC compared to its average acquisition cost, translating into an estimated total loss of $54 million for Strategy. The critic warned that negative balances could increase significantly if the firm decides to liquidate a larger portion of its reserves under current market conditions.
Although the move contradicts Saylor’s famous “buy and hold” philosophy, the market is torn between those who fear an institutional trend shift and analysts who view this partial sale as a healthy and strategic liquidity intake for the company’s long-term sustainability.
Source: https://x.com/peterschiff/status/2074110102085210585?s=46
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