MicroStrategy's Falling Bitcoin Yield Sparks Warning from Peter Schiff

MicroStrategy's Bitcoin holdings have been scrutinized by Peter Schiff, a well-known gold advocate and critic of cryptocurrencies. He argues that investors should not buy into Michael Saylor's company because its Bitcoin Yield has fallen significantly this year. According to Schiff, the yield dropped from 13.3% in late May to 4.5% as of now.

The issue arises when MicroStrategy sells new shares without buying additional Bitcoins, which reduces the overall yield. In a recent transaction, the company sold $544.5 million worth of MSTR shares but did not purchase any Bitcoin.

Schiff points to the numbers, stating that if you're bullish on Bitcoin, it's better to own it directly rather than investing in MicroStrategy. He also warns that at this rate, the 2026 Bitcoin yield will be negative.