
Peter Schiff Predicts Strategy (MSTR) Bankruptcy if This Happens
Economist Peter Schiff has expressed concerns over Strategy’s financial health, citing risks of bankruptcy due to its leveraged Bitcoin strategy.
Economist Peter Schiff has expressed concerns over Strategy’s financial health, citing risks of bankruptcy due to its leveraged Bitcoin strategy.
12US state pension funds collectively hold over $330 million in Michael Saylor’s Strategy stock (MSTR), with California, Florida, and Wisconsin leading the investments.
MicroStrategy (MSTR) 250-day put-call skew for MSTR shifted from -20% to zero in the last three weeks, signaling waning bullish sentiment.
The purchase was funded by selling 13.6 million MicroStrategy (MSTR) shares, continuing Michael Saylor’s strategy of acquiring Bitcoin at any price.
Steno Research notes that MicroStrategy’s 300% premium over Bitcoin is unsustainable, as investors may shift to options trading on spot Bitcoin ETFs.
The notable success rate for MicroStrategy through its Bitcoin strategy has attracted more global companies seeking to follow the same route.
South Korea’s Public Pension Service (NPS) buys 245,000 MicroStrategy shares worth $33.75M, expanding into digital assets.
In the Q2 results, the company has also introduced a new performance indicator dubbed “Bitcoin Yield” showing the percentage change over time in the ratio of the company’s Bitcoin holdings and its diluted outstanding shares.
In addition to the “ghost pepper” ETF, T-Rex Group has also filed for other leveraged and inverse Bitcoin ETFs.
Recently, BTC has been demonstrating a downtrend with prices falling below $60,000. While many may perceive this sentiment as an opportunity to exit the market, Kiyosaki called it a perfect time to buy more of the coin.
Michael Saylor expects the BTC price to hit $10 million while confidently predicting that the Chinese people and government would embrace Bitcoin.
MicroStrategy’s latest Bitcoin purchase of 11,931 BTC signifies its unwavering commitment to Bitcoin as a primary asset.
Gautam Chhugani and Mahika Sapra from Bernstein also believe that the digital currency could reach a circle-high of $200,000 by 2025.
Upon approval of the proposed offering, MicroStrategy intends to use the proceeds primarily for purchasing more Bitcoin and for general corporate purposes.
MicroStrategy has over 18 short positions as per the list on investment research firm Fintel’s “The Big Shorts”. Although there are strong short selling position, the overall interest in shorting MSTR is declining.