Longtime cryptocurrency critic Peter Schiff has asserted that business intelligence firm Strategy (formerly MicroStrategy) suffered a significant realized loss after selling 3,588 Bitcoin (BTC). According to Schiff, the sale, executed over a two-week period, was conducted at an average price of $60,196.73 per coin, resulting in an estimated loss of approximately $15,000 per BTC relative to the company’s average acquisition cost. This translates to a total loss of around $54 million.
The claim follows Strategy’s disclosure of a small Bitcoin sale, which the company characterized as part of routine treasury management. Schiff, a vocal skeptic, highlighted on social media that this move contradicts CEO Michael Saylor’s well-publicized “hold forever” strategy. In a post on X, he warned that if Strategy decides to liquidate a larger portion of its reserves under current market conditions, potential losses could escalate significantly.
Despite the criticism, the sold amount represents a fraction of Strategy’s total holdings, which exceed 200,000 BTC. The company has not indicated any plans for large-scale liquidation and maintains a long-term holding approach. The broader cryptocurrency market has shown resilience, with Bitcoin trading in a stable range despite periodic profit-taking by large holders.
The event reignites debate over corporate Bitcoin exposure and the sustainability of aggressive accumulation strategies. While the realized loss is relatively minor compared to Strategy’s overall portfolio appreciation, it provides ammunition for critics questioning institutional crypto investments. The company has not officially confirmed the $54 million loss figure, which remains an estimate by Schiff based on average cost calculations.
