But this time, the tone is sharper, and the gap between their worldviews looks wider than ever.<\/p>\n
Schiff resurfaced during the downturn with a fresh warning about Strategy\u2019s heavy Bitcoin exposure. He pointed out that the company\u2019s stock has suffered a deep correction since last year and argued that years of piling into Bitcoin with borrowed capital have left it vulnerable now that the market is under pressure. From his perspective, the company\u2019s enormous BTC stash \u2013 more than 640,000 coins accumulated at a breathtaking cost \u2013 hasn\u2019t generated the kind of cushion investors might expect.<\/p>\n
\n$MSTR<\/a> is down over 64% from its November 2024 high. More significantly, @saylor<\/a> spent the last five years levering up the balance sheet by spending in excess of $47.5 billion buying over 640K Bitcoin at an average price of $74K. That position now has a paper gain of just 27%.<\/p>\n
\u2014 Peter Schiff (@PeterSchiff) November 14, 2025<\/a><\/p><\/blockquote>\n