Is Strategy's Bitcoin Machine Broken? Peter Schiff Says It Is

Peter Schiff has claimed that Strategy (NASDAQ: MSTR) can no longer fund its Bitcoin purchases due to limitations in selling its preferred stock, STRC (NASDAQ: STRC), which has recently risen to about $99.40. Despite a recent purchase of 334 Bitcoin at an average price of $85,839, this amount is significantly lower than the 1,665 Bitcoin acquired the previous week, and the company spent over six times as much on STRC buybacks. Strategy maintains a cash reserve of $4.88 billion and $833.4 million in additional cash, which Schiff acknowledges helps cover dividends but does not resolve the funding issue for Bitcoin acquisitions.