MSTR Stock Drops Over 80% From Peak – Peter Schiff Questions Strategy’s Bitcoin Play

In a post on X, Peter Schiff said that Strategy should sell a portion of its Bitcoin holdings and use the proceeds to repurchase its own shares, calling it the “best way to create shareholder value.”

• Shares of Strategy have slumped to a 28-month low. 
• Bitcoin has slipped below the $60,000 mark to its lowest level since October 2024.
• According to The Block, Strategy has an estimated $14 billion in unrealized losses on its Bitcoin holdings as the cryptocurrency selloff intensifies.

Strategy (MSTR) shares have plunged more than 81% from their July 2025 high of $457.22 as the prolonged selloff in Bitcoin (BTC) has weighed heavily on the Bitcoin treasury company. The slump has given Bitcoin critic Peter Schiff fresh ammunition.

The Euro Pacific Capital CEO and Chief Global Strategist believes that Strategy should sell a portion of its Bitcoin holdings and use the proceeds to repurchase its own shares. His rationale centers on Strategy’s market valuation. The longtime skeptic believes the company can create shareholder value by reducing its share count if MSTR trades below the value implied by its Bitcoin holdings, rather than continuing to accumulate more BTC.

“The best way to create shareholder value would be to sell Bitcoin to buy back shares until the discount is closed," Schiff wrote in a post on X on Thursday, noting that the continued decline in BTC prices has led to a massive bleed.