Peter Schiff Questions MSTR Preferred Stock's 12% Yield on Nov 12, Cites Flawed 30% Bitcoin Growth Assumption

According to Bitcoin.com, on November 12, economist Peter Schiff questioned the assumptions underlying Strategy Inc. (Nasdaq: MSTR) preferred stock (STRC) financing model. Schiff stated that STRC's structure assumes Bitcoin holdings will appreciate 30% annually, enabling the company to pay 12% annual returns to preferred shareholders while remaining profitable.

However, Schiff noted Bitcoin declined 6.5% last year and has fallen approximately 17% year-to-date in 2026, arguing there is insufficient justification for assuming 30% annual Bitcoin appreciation.

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