Money
MicroStrategy Begins Selling Bitcoin After Years of Relentless Accumulation
The Peter Schiff Show
The Death Spiral Has Begun... Bitcoin, Tech, and Stretch All Cracking!
What was said
"Strategy reported that it sold 32 Bitcoin. I mean, it owns 840,000+ Bitcoin. So this is just a few million bucks. But to me, that was kind of like a warning flag of what's coming. It's not that they sold 32 Bitcoin. Is that they sold any Bitcoin. And if they sold 32, they didn't buy any. And Strategy is the main buyer."
Peter Schiff revealed that MicroStrategy, the largest institutional Bitcoin buyer under CEO Michael Saylor, sold 32 Bitcoin early this week—marking a reversal from its years-long accumulation strategy. While the amount is small relative to its 840,000+ BTC holdings, Schiff argues this signals the company is now a seller rather than buyer, potentially triggering a cascade of selling pressure as the largest market participant reverses course.
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- Programme
- The Peter Schiff Show
- Episode
- The Death Spiral Has Begun... Bitcoin, Tech, and Stretch All Cracking!
- Clip time
- 17:59
- Original source
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The Peter Schiff Show