Strategy Sells 1,690 BTC as Schiff Questions Bitcoin’s Role as Collateral
- 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.
Read The Full Article Strategy Sells 1,690 BTC as Schiff Questions Bitcoin’s Role as Collateral On Coin Edition.
This content is automatically aggregated. Full credit goes to the original publisher (coinedition.com).
