Schiff Attacks STRC Again

Schiff took a dig at Saylor and his firm on X, labeling the Perpetual Stretch Preferred Stock (NASDAQ:STRC) offering as a “Ponzi scheme” that gets prolonged by such commitments.

“But my guess is when the time comes, he’d suspend the dividend and crash STRC rather than crash Bitcoin,” Schiff predicted.

Strategy didn’t immediately return Benzinga’s request for comment

Will Saylor Really Sell Bitcoin?

Saylor said during Strategy’s first-quarter earnings call that the company may “sell some Bitcoin” to fund a dividend and “inoculate” the market, a rather unexpected departure from when he told holders to “sell a kidney if you must, but keep the Bitcoin.”

Benzinga