Bitcoin is trading at $64,500, down 0.2% over 24 hours. Peter Schiff has sharpened his critique of Strategy’s Bitcoin Yield, the metric Michael Saylor uses to justify holding MSTR over spot BTC. That yield has fallen from 13.3% year to date on May 25 to 4.5% after Strategy’s latest capital raise, representing roughly a 66% decline in under two months. Schiff warns that if the trend continues, Strategy’s 2026 Bitcoin Yield could turn negative. The company sold 3,588 BTC for about $216 million to fund preferred dividend obligations, marking its first meaningful Bitcoin sale in years.
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