Peter Schiff, known for his anti-Bitcoin statements, harshened his criticism of Michael Saylor after Strategy’s Bitcoin sale of approximately 225 million dollars. This move of the company, which has stood out with regular purchases for years, had a wide impact in the cryptocurrency market.
Schiff’s loss account
Schiff argued that Strategy has sold an average of $60,196.73 per Bitcoin in the last two weeks. According to this calculation, the company’s sale of 3,588 Bitcoins represents a loss of approximately $15,000 per coin, based on the current average cost.
In this context, Schiff claimed that the total loss reached approximately 54 million dollars. Peter Schiff is an American economist and market commentator known for his investment comments and especially his anti-Bitcoin outbursts.
Peter Schiff claims that Strategy made a loss of approximately $15,000 per coin on the sale of 3,588 Bitcoins, making the total loss around $54 million.
Warning of greater loss for new sales
Schiff claimed that the loss could grow further if the company makes additional sales from its Bitcoin assets. In this assessment, he pointed out that if market conditions continue similarly, the pressure may increase.
In recent years, Strategy stood out with its aggressive Bitcoin accumulation policy and long-term holding approach. For this reason, the sale decision was considered as a step that contradicts the understanding of holding Bitcoin for a long time, which Michael Saylor frequently emphasizes.
Different opinions came to the fore in the market
However, Schiff’s criticisms did not receive full support in cryptocurrency circles. Some market participants argued that it might be a healthier choice for Strategy to sell some of its Bitcoin holdings in terms of the company’s balance sheet.
The same circles state that such sales can be seen as a normal portfolio management step not only for the company but also for the broader Bitcoin ecosystem. This approach reinforced the view that the sell-off should not be read as a direct negative signal.
While Strategy’s decision to sell is considered a more balanced step for the company, according to some market participants, others see it as a significant departure from its strategy of holding Bitcoin.
At the center of the debate is the question of whether the sale is a one-time balance sheet adjustment or whether it signals a broader change in the company’s Bitcoin policy. The highlight for now is Schiff’s warnings about the loss calculation and possible new sales.
