Peter Schiff Criticizes Strategy After $216M Bitcoin Sale to Fund Dividends

Peter Schiff, a long-time Bitcoin critic, has criticized Strategy, arguing that the company is shifting away from a pure Bitcoin accumulation strategy toward using its holdings to support financial obligations.

In a post on X, Schiff said Strategy is now combining equity issuance, debt, and Bitcoin sales to fund expenses such as dividends, interest payments, and share buybacks, while still relying on expectations of long-term gains in Bitcoin’s price.

The remarks followed Strategy’s disclosure that it sold 3,588 BTC, worth around $216 million. The company said the sale proceeds were used to help cover dividend payments.

Source: Peter Schiff