MSTR Surges on Bitcoin Rebound, Schiff Sees 'Short-Covering' Behind Rally

Strategy shares, MSTR, surged to $137.40 as Bitcoin rebounded above $80,000.

Peter Schiff expressed skepticism about the rally's sustainability, suggesting it could be driven by short-covering rather than lasting demand.

Schiff reiterated his 'death spiral' thesis, citing preferred stock dividend obligations that Strategy partly funds through new share issuance.

Michael Saylor responded with an AI-generated video of himself riding a bull, reiterating his confidence in Bitcoin and Strategy's outlook.