- Strategy is selling Bitcoin for liquidity, raising fresh questions about its long-term model.
- Peter Schiff sees the sales as proof that lenders still trust dollars more than Bitcoin.
- Despite selling 6,948 BTC this year, Strategy still holds a massive 840,447 BTC stash.
Strategy sold 1,690 Bitcoin for about $108.6 million, drawing renewed criticism from longtime Bitcoin critic Peter Schiff over the company’s decision to sell part of its cryptocurrency holdings.
Schiff argued that the sale suggests lenders still prefer dollars over Bitcoin when securing financing. Strategy used the proceeds to repurchase its STRC preferred stock, adding to a series of Bitcoin sales this year.
The latest transaction brings Strategy’s Bitcoin sales in 2026 to 6,948 BTC. Despite the disposals, the company remained one of the world’s largest corporate Bitcoin holders, with 840,447 BTC as of Aug. 10.
Schiff Questions Strategy’s Bitcoin Model
Schiff said Strategy is increasingly selling Bitcoin to build dollar reserves and meet its financial obligations. He also urged investors to sell MSTR shares and Bitcoin.
Related: Michael Saylor Says ChatGPT Helped Strategy Raise $15B for Bitcoin
The latest sale follows earlier disposals of 32 BTC, 3,588 BTC and 1,638 BTC. Strategy has also used Bitcoin sales to help fund dividends and meet other obligations tied to its shares.
The transactions come after years in which Strategy largely focused on accumulating Bitcoin. The recent sales suggest the company is prepared to tap its holdings when it needs liquidity, even as it continues to maintain a large Bitcoin position.
Supporters Defend Strategy’s Approach
Strategy’s supporters see the sales differently. Macro strategist Dan Hillery described the transactions as a way to optimize the company’s balance sheet during periods of market volatility.
Michael Saylor, Strategy’s co-founder, has argued that selling a limited amount of Bitcoin does not undermine the company’s financing model. He estimates that Bitcoin needs to appreciate by about 3.2% annually to cover Strategy’s capital costs.
Related: Bitcoin Faces a Tug-of-War as Whales Accumulate and Bearish Signals Build
(adsbygoogle = window.adsbygoogle || []).push({});Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
