Peter Schiff criticizes Michael Saylor’s Bitcoin accumulation, arguing it actually harms common stockholders’ interests

Odaily reported that Peter Schiff posted on X platform criticizing MicroStrategy. He stated that the company previously relied on issuing common stock at a premium and low-interest preferred shares to achieve positive Bitcoin returns; however, Saylor’s current accumulation operations essentially sacrifice the interests of common stockholders to prop up Bitcoin prices, ultimately leaving these shareholders facing negative Bitcoin returns.