After a 23-day break, STRC reached the price of $ 100 again, allowing Strategy company to continue its Bitcoin purchases. However, according to data from the company, after this return, only 1.17 BTC was purchased and its volume was kept quite low. This was noted as the company’s first Bitcoin transaction through STRC since mid-April.
Michael Saylor and Peter Schiff debate reignited
Following these developments, a new discussion started between two well-known names in the cryptocurrency world, Michael Saylor and Peter Schiff. MicroStrategy’s founder, Saylor, compared his ecosystem to air transportation, describing STRC as a passenger plane, Bitcoin as a fighter jet, and MicroStrategy’s shares as a rocket. In contrast, Peter Schiff showed a negative outlook, as in the past, and claimed that this trio would eventually “crash and burn.”
Peter Schiff is a name known as a gold investor who has been skeptical of the cryptocurrency market for a long time. He had previously described the STRC model as “an obvious pyramid scheme” and argued that the system was maintained only through dividend payments. According to Schiff, Saylor’s company may eventually collapse STRC at the expense of suspending dividend payments; He thinks he would prefer this without attempting serious Bitcoin sales.
It was noted that Peter Schiff’s criticism this time was based on a much more calculated and logical approach than populist discourses on social media.
STRC’s rate of return and debt constraint discussions
The 11.5% annual return promise offered by the company to its investors was one of the critical points of the discussion. If Bitcoin’s annual price increase remains below this rate, the sustainability of Michael Saylor’s long-held BTC accumulation strategy will be seriously questioned.
In this case, the company cannot purchase new Bitcoins and may have to pay coupons to investors by using existing BTCs as collateral or selling them directly. As a matter of fact, in the company’s 2026 first quarter financial report, it was announced that it recorded a net loss of 12.5 billion dollars resulting from the revaluation of its assets. During the report, both Michael Saylor and CEO Phong Le also emphasized that they are ready to sell BTC at any time if it will benefit the company.
The cost of raising new capital with STRC has increased
As of May 2026, one of the main problems facing Strategy was that the cost of raising new capital exceeded the real return provided by Bitcoin. So, whether STRC remains at $100 and the company can continue its Bitcoin accumulation strategy now depends solely on the upside potential of the market and strong increases in the BTC price.
In the next period, the company’s assessment that the motivation behind BTC purchases is based on the short-term performance of Bitcoin rather than belief and long-term strategy stands out.
