Peter Schiff Criticizes Strategy Inc.’s Debt-Fueled Bitcoin Purchases, Points To Decline In Share Price And NAV Premium

Influential economist and market commentator Peter Schiff criticized Strategy Inc.’s MSTR debt-fueled Bitcoin BTC/USD purchases on Monday

Influential economist and market commentator Peter Schiff criticized Strategy Inc.’s (NASDAQ:MSTR) debt-fueled Bitcoin (CRYPTO: BTC) purchases on Monday, highlighting the decline in the firm’s share price and the narrowing Net Asset Value premium.

Schiff pointed out that despite co-founder Michael Saylor's claims that his leveraged Bitcoin buys have generated a yield of 6.9% so far in 2025, the stock value has dropped by 6%. Schiff asserted that this “massive dilution” has destroyed shareholder value.

Moreover, the premium of Strategy's shares to its Bitcoin holdings has also collapsed by 85%.

Today, @saylor bragged about his leveraged Bitcoin buys generating a BTC yield of 6.9% so far in 2025. However, the share price of $MSTR is down 6% in 2025, while massive dilution has destroyed shareholder value, causing the premium to its Bitcoin holdings to collapse by 85%.

The NAV premium reflects the market's valuation of the company's Bitcoin holdings. According to the MSTR tracker, the premium stood at 1.604 at the time of writing, indicating a 60% premium. This compares to a premium of 2.148, or 148%, on January 19.

Generally, a higher premium signifies the market's trust in the company's Bitcoin investment strategy.

What Happened: Schiff's commentary comes amid increasing scrutiny of Strategy's Bitcoin strategy. Last week, Schiff warned that if Strategy's shares continue to trade at a discount to its Bitcoin holdings, it could result in a negative Bitcoin yield.

Strategy has spearheaded the corporate adoption of Bitcoin, amassing a stockpile of 478,740 BTC, valued at over $44 billion on bitcointreasuries.net.

On Monday, the company announced its latest acquisition of 20,356 BTC for approximately $1.99 billion.

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