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Stock impact report

Peter Schiff Predicts 'Brutal' Bear Market For Bitcoin Treasury Companies, Labels Michael Saylor's Business Strategy 'Harebrained' [Yahoo! Finance]

Strategy Inc - 10.00% Series A Perpetual Strife Preferred Stock (STRF) 
Company Research Source: Yahoo! Finance
Schiff Questions Saylor's ‘Strategy' In an X post, Schiff questioned the viability of companies with large Bitcoin reserves. “While so many companies have been busy copying Saylor's harebrained business strategy, few have noticed that MSTR is down 45% from its Nov. 2024 high,” Schiff said. He predicted a “brutal” bear market for Bitcoin treasury companies, doubting that any, including Strategy, would survive. See Also: Wall Street, Bitcoin Drop As Dollar, Treasury Yields Rebound: What's Moving Markets Thursday? Schiff's argument comes amid a s harp pullback in Bitcoin's price , which has dragged down shares of Strategy and other BTC hoarding companies, such as Riot Platforms Inc. (NASDAQ: RIOT ) and MARA Holdings Inc. (NASDAQ: MARA MSTR has indeed fallen 45% from its November 2024 high of $543, but on a year-over-year basis, Saylor's company still delivered an impressive return of 81%, and so did Riot Platforms. Asset Weekly Gains +/- Yearly Gains +/- Gains +/- si Show less Read more
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