Peter Schiff Says Saylor Just Wiped 66% Off MicroStrategy’s Bitcoin Yield
Peter Schiff has a message for Bitcoin bulls. Buy BTC itself, he says, not Michael Saylor's Strategy stock. The company sold $544.5 million of MSTR shares last week. It bought no Bitcoin.
Schiff points to one number. MicroStrategy's Bitcoin Yield has fallen to 4.5% this year, he says. It stood at 13.3% in late May.
Why MicroStrategy's Bitcoin Yield Keeps Falling
Bitcoin Yield sounds complicated. It is not. It tracks how much Bitcoin sits behind each MSTR share.
Sell new shares without buying coins, and the number drops. That is exactly what happened last week.
Strategy sold 5,429,160 MSTR shares. It raised $544.5 million. It bought zero bitcoin, its 8-K filing shows.
Holdings sit at 843,775 BTC. The yield was 9.4% on May 3. It climbed to 13.3% by May 25. Schiff now puts it at 4.5%.
"Why is $MSTR up 7% this morning? Saylor's latest move reduced the YTD Bitcoin yield to 4.5%. That yield stood at 13.3% on May 25. That's a 66% reduction in two months! At this rate the 2026 Bitcoin yield will be negative. If you're bullish, you're better off just owning Bitcoin," Schiff urged.
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