Key notes
- Peter Schiff criticized the strategy for his Bitcoin-driven third-quarter earnings report release.
- The strategy currently holds 640,808 Bitcoin, purchased for $47.44 billion.
- Saylor recently clarified that the strategy is not buying or merging with any bitcoin treasury company.
From speaking out directly against the leading cryptocurrency Bitcoin
Bitcoin
$110,472
24-hour fluctuations:
2.7%
Market value:
$2.20 T
Vol. 24 hours:
$65.23 billion
Peter Schiff has now turned his focus to the companies that own the currency.
Gold’s biggest advocate was seen on X, speaking out against the strategy’s reliance on a Bitcoin price breakout. This comes shortly after Strategy released its third-quarter earnings report, which showed its shares rose 6.7%.
Strategy’s Q3 Earnings Report Is a ‘Scam’
Peter Schiff called Strategy’s third-quarter earnings report a “fraud,” claiming that the $2.8 billion net income and $8.42 diluted earnings per share reported by the company reflected unrealized profits from Bitcoin.
In other words, Schiff accused the company led by Michael Saylor of not reporting its earnings in a real way.
$mstrer It rose 6.7% because the company reported better-than-expected “earnings.” But the entire report is a scam. The so-called profits only reflect the rise in the value of Bitcoin. Saylor’s 2025 guidance only reflects his claim that Bitcoin will rise between now and the end of the year.
– Peter Schiff (@PeterSchiff) October 31, 2025
It’s no longer news that Strategy, formerly called MicroStrategy Inc., has expanded its reach from being a business intelligence and software company to owning the largest corporate Bitcoin portfolio.
After acquiring 390 BTC for approximately $43.4 million between October 20 and 26, 2025, her entire holdings increased to a total of 640,808 BTC.
The total purchase price of this massive stock is $47.44 billion, with the average cost basis across all holdings at $74,032 per bitcoin.
The company’s president, Michael Saylor, confirmed that the strategy has generated a 26.0% year-to-date (YTD) return on Bitcoin.
However, Schiff believes that “Saylor’s full-year 2025 guidance merely reflects his claim that Bitcoin will rise between now and the end of the year.”
The strategy pushes towards single-minded global hegemony
Amid this expectation, Peter Schiff chose to see that the strategy’s reliance on the main cryptocurrency, Bitcoin Treasury, was unaffected.
It is instead focused on acquiring more Bitcoin and establishing itself as the largest holder in the world.
During the third-quarter earnings call, Strategy’s president clarified that the company has no interest in purchasing other bitcoin treasury companies.
He pointed out that mergers and acquisitions (M&A) are usually slow, in addition to the uncertainty and hidden risks that accompany them. Ultimately, he argued that these features make such an idea unattractive for strategy.
Saylor noted that the company’s current focus is on issuing digital credit, strengthening its balance sheet and purchasing more bitcoin.
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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-life applications of blockchain technology and innovations to drive public acceptance and global integration of emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to popular blockchain media and websites.
The post Peter Schiff Criticizes Strategy’s Bitcoin Reliance first appeared on Investorempires.com.
