Peter Schiff warns Strategy’s STRC faces heavier selling pressure if BTC plunges

Euro Pacific Capital CEO Peter Schiff, a prominent Bitcoin critic, said on X that Strategy’s perpetual preferred stock STRC has effectively relied on share buybacks to support its price, but the cash capacity backing that support is shrinking. Schiff argued that the sharper BTC falls, the greater the selling pressure on STRC will become, and that a 12% yield is not enough to adequately offset the investment risk.