Peter Schiff Says MicroStrategy Lost Its Bitcoin-Buying Power

Peter Schiff says MicroStrategy has pulled its Stretch (STRC) preferred stock back toward its style="font-size:1rem;color:var(--t1);line-height:1.75;margin-bottom:20px;font-weight:300;padding:14px 18px;border-left:2px solid var(--blue);background:rgba(33,136,255,.06);border-radius:0 8px 8px 0"00 par value. However, he argues the company has lost the issuance channel that funded its Bitcoin purchases. Even so, Strategy has kept adding Bitcoin, funding its latest purchase with proceeds from common stock sales. Schiff Credits Buybacks and a Bitcoin The post Peter Schiff Says MicroStrategy Lost Its Bitcoin-Buying Power appeared first on BeInCrypto.