After a 23-day pause, STRC returned to parity at $100, allowing Strategy to resume Bitcoin purchases, albeit in symbolic volumes – for the first time since mid-April, the company acquired just 1.17 BTC specifically through this financial instrument, according to data by strc.live.
Against this backdrop, another media duel unfolded between Michael Saylor and Peter Schiff, with the former comparing his ecosystem to aviation, where STRC is an airliner, BTC is a fighter jet, and MSTR is a rocket. The latter then responded with the usual skepticism, predicting the inevitable “crash and burn” of all three elements.
Peter Schiff’s radicalism is no surprise here, as he had previously called the STRC model an “obvious Ponzi scheme” sustained only by dividend payment obligations. According to the gold bug, Saylor would rather collapse STRC by suspending payouts than begin massively selling Bitcoin.
To be fair, for the first time in a long while, Peter Schiff’s criticism sounds less like social media bravado and more like a pragmatic calculation.
Why Strategy’s 11.5% yield offer might prove Peter Schiff right
Strategy’s current obligation yield stands at 11.5%, and this is where the main danger lies: if Bitcoin’s annual growth does not exceed this threshold, Michael Saylor’s accumulation strategy turns into a debt-servicing routine.
In such a scenario, the company would be forced not to buy but to sell or collateralize Bitcoin in order to pay coupons to investors, which was confirmed during the Q1 2026 earnings report, where the company posted a net loss of $12.5 billion due to asset revaluation. Both Saylor and CEO Phong Le then confirmed their readiness to sell BTC whenever it benefits the company.
You Might Also Like
As of May 2026, Strategy has found itself in a situation where raising new capital costs more than the return generated by Bitcoin itself. Now, the “Saylor empire’s” BTC purchases depend not on belief, but entirely on BTC’s ability to deliver sharp upside in the coming months and its “airliner” to stay at $100 parity.