MicroStrategy Accumulates More Bitcoin Amid Peter Schiff’s Caution

MicroStrategy has continued its aggressive Bitcoin accumulation, purchasing 334 BTC for approximately $28.7 million in its latest disclosure. The company also repurchased $176 million of its shares, raising questions about its ability to sustain larger purchases if market conditions shift. As of October 4, 2026, MicroStrategy holds 848,000 BTC, representing just over 4% of the total Bitcoin supply. Despite recent gains, Bitcoin remains down 30% year-over-year, trading around $86,000.

The company's latest financial figures distinguish a $4.88 billion USD Reserve for preferred dividends and debt interest from $833.4 million in USD Cash for general purposes, including Bitcoin purchases. While the reserve provides liquidity, it is not interchangeable with cash designated for discretionary buys. MicroStrategy also reported $15.7 million in net proceeds from common-stock sales, all directed toward Bitcoin, alongside a $13 million draw from USD Cash for the purchase.

Peter Schiff, a well-known critic of Bitcoin, warned that the cryptocurrency's price could reverse if technology stocks pull back. Schiff credited Bitcoin's move above $80,000 to improved confidence and possible short covering but maintained that the rebound had not restored MicroStrategy's ability to raise money through new issuance. The company repurchased about $176.3 million of its shares, with most funds drawn from its USD Cash balance and the remainder from interest on cash and short-term investments.

Schiff's outlook is tied to broader market strain, including falling bond prices, weak inflation and employment signals, and oil prices near $91 a barrel. However, he did not present these as evidence of an imminent technology-stock correction or a guaranteed decline for Bitcoin.