Peter Schiff accused Strategy of artificially keeping its preferred stock STRC alive through heavy share buybacks. He argued that the company is running out of cash while the Bitcoin decline will increase selling pressure on STRC. He believes the stock’s 12% annual dividend yield is insufficient to cover its risks. Strategy had spent $2.04 billion on STRC buybacks as of October 25, but it also purchased another 1,036 BTC for $81.9 million, bringing its holdings to 850,364 BTC.
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