Michael Saylor Hints at New Bitcoin Buy as Peter Schiff Criticizes STRC Strategy

Michael Saylor has once again sparked speculation about a potential Bitcoin (BTC) purchase, signaling that Strategy may soon expand its already massive crypto holdings. Over the weekend, Saylor posted a cryptic message on X, stating “The ₿eat Goes On,” alongside the company’s well-known “Orange Dots” chart that tracks its past Bitcoin acquisitions. Historically, similar posts have preceded official announcements, leading many investors to anticipate another BTC buy.

The timing of this hint has fueled discussions across the crypto market, especially as Strategy continues to strengthen its position as the largest corporate holder of Bitcoin. The company currently holds more than 815,000 BTC, following a $2.54 billion purchase made just last week. This aggressive accumulation strategy has been partly funded through its preferred equity product, STRC, which offers investors an annual yield of 11.5% paid monthly.

Despite the growing attention, uncertainty remains. The STRC team recently suggested it may have been a relatively quiet week for Bitcoin purchases, noting that STRC stock is still recovering and trading slightly below its $100 par value. Investors are now watching closely for Monday’s 8-K filing, which could confirm whether a new acquisition has taken place.

Meanwhile, Bitcoin critic Peter Schiff continues to challenge the sustainability of Strategy’s approach. Schiff argues that maintaining STRC’s high yield depends heavily on continuous capital inflows and rising Bitcoin prices. He warns that if issuance increases, Bitcoin would need to grow at a faster rate to support payouts. Schiff has even described STRC as a potential “death spiral,” suggesting that cutting dividends could negatively impact both STRC and Bitcoin prices.

Despite criticism, institutional interest appears steady. Saturn, a STRC-backed yield provider, recently increased its investment to $33 million, signaling ongoing confidence. As the market awaits confirmation of Strategy’s next move, Saylor’s Bitcoin strategy remains a focal point for both supporters and skeptics in the evolving crypto landscape.