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Peter Schiff, the gold advocate and long-running Bitcoin skeptic, has taken aim at Strategy, the Michael Saylor-led firm whose core corporate identity is now built around accumulating $BTC.
Schiff's critique targets the arithmetic underlying Strategy's Bitcoin acquisition plan, arguing the numbers do not hold up.
What Schiff Is Challenging Strategy has made its Bitcoin treasury playbook a selling point to investors, framing ongoing $BTC purchases as a mechanism for compounding value per share.
Schiff's objection, as reported, centers on what he describes as flawed math in that framework — the idea that the way Strategy accounts for or projects returns from its Bitcoin holdings does not survive scrutiny.
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