‘Saylor Is Finished’ – Peter Schiff Slams Bitcoin Tycoon Over $1.44B Reserve Build-Up

Strategy Inc., formerly MicroStrategy, has established a $1.44 billion US dollar reserve. This reserve is intended to cover near-term financial obligations such as preferred dividends and debt interest payments for at least 12 months. The company funded this reserve through the sale of its Class A common stock. Strategy explicitly stated that it did not liquidate any of its Bitcoin holdings to create this cash buffer. The company continues to hold a substantial amount of Bitcoin, reportedly around 650,000 BTC, after a recent small purchase. This significant Bitcoin hoard, while still worth billions, has faced increased pressure due to recent price plunges. The establishment of the reserve aims to mitigate the need for forced Bitcoin sales to meet financial commitments. However, analysts suggest that while the cash buffer may alleviate some investor concerns, it does not erase the larger debt and funding timelines the company faces. Notably, prominent Bitcoin critic Peter Schiff viewed the announcement as evidence of Strategy's business model failure, labeling Michael Saylor a "conman." Other market participants are re-evaluating Strategy's investment profile, shifting from a pure Bitcoin play to an entity with significant operational cash needs. The company has also adjusted its profit and Bitcoin-linked yield targets for 2025, indicating a more cautious near-term outlook.