Peter Schiff says Strategy’s discounted stock sales are diluting Bitcoin per share

Peter Schiff criticized Strategy for issuing shares at a discount to buy Bitcoin, arguing the approach dilutes Bitcoin per share and creates a “negative Bitcoin yield.” Strategy added about 3,137 BTC across two purchases in June, but Schiff said the financing structure leaves shareholders worse off. Dividend obligations tied to the STRC preferred stock and a small Bitcoin sale totaling $2.5 million have also fueled questions about the sustainability of the company’s capital strategy.