Peter Schiff Says Saylor’s STRC Is ‘Dead’ Despite 12% Yield

TL;DR:

• According to a market report, investor and Bitcoin critic Peter Schiff declared that Strategy’s STRC preferred stock product is “dead.”
• Company data reveals that Strategy has allocated a total of $2.04 billion to STRC buybacks as of the close of the third quarter.
• Regulatory records cited in the report indicate that Strategy acquired an additional 1,036 BTC between November 2 and November 8, raising its total holdings to 850,364 BTC.

Peter Schiff is once again questioning the viability of financial instruments linked to the cryptocurrency ecosystem. On this occasion, his remarks pointed directly towards Strategy’s preferred stock product. In recent statements by the well-known digital asset critic, he maintained that the value of the securities is artificially supported.

MIchael, STRC is dead. You've kept it on artificial life support with your buybacks. But you're running out of cash. Plus, as Bitcoin crashes, the selling pressure on STRC will intensify. A 12% yield won't be nearly enough to offset the risk.

— Peter Schiff (@PeterSchiff) November 9, 2026

An exchange of comments on digital platforms rekindled the controversy. On one hand, executive Michael Saylor defended Bitcoin’s technological and monetary backing against artificial intelligence. In response, Schiff argued that the variable dividend instrument known as STRC—which offers a 12% annual yield—lacks long-term sustainability in the face of current market conditions.

The financial critic recently presented an analysis where he argues that Strategy would be exhausting its available resources to maintain the stability of its preferred stock quote near its $100 dollar par value. Operational data indicates that the company has executed massive buybacks for a cumulative amount of $2.04 billion as of last October 25, a strategy that management has defended as a successful financial recovery mechanism.

Expansion of Bitcoin Reserves and Market Perspectives

Despite external questions about its capital management and the attractiveness of its 12% yields, the corporation led by Michael Saylor maintains its operational course without significant modifications. Official documentation revealed in regulatory records confirms that the firm acquired an additional 1,036 BTC in the period between November 2 and November 8.

The aforementioned transaction represented an estimated investment of $81.9 million dollars, with an average purchase price located at $79,012 dollars per unit of digital asset. With this new addition to its corporate balance sheet, the entity consolidated total holdings of 850,364 BTC, reaffirming its long-term accumulation policy despite the volatility recorded in global quotations.

While sectors defending traditional assets warn about liquidity risks and selling pressure on structured equity products, Strategy spokespersons continue to support the effectiveness of their preferred stock buyback programs. The evolution of these financial operations and their impact on STRC stability will remain a central point of attention for stock markets and the cryptographic sector during the close of the annual fiscal year.