Peter Schiff Slams Saylor’s $1M Bitcoin Call After 3K BTC Buy

Table of Contents Strategy expanded its Bitcoin holdings with a new 3,273 BTC purchase worth $255 million. The acquisition lifted total reserves to 818,334 BTC and returned the company to profit. However, Peter Schiff challenged Michael Saylor’s $1 million Bitcoin forecast and questioned the accumulation strategy. Strategy confirmed it purchased 3,273 Bitcoin for about $255.0 million at an average price of $77,906. The company increased its total holdings to 818,334 BTC as of April 26, 2026. It acquired the entire stash for $61.81 billion at an average price of $75,537 per coin. At current prices near $77,850, the holdings carry a market value of $63.7 billion. This valuation places Strategy at roughly $1.9 billion in profit. Earlier this year, Bitcoin traded below $70,000 and left the company’s position underwater. Strategy has acquired 3,273 BTC for ~$255.0 million at ~$77,906 per bitcoin and has achieved BTC Yield of 9.6% YTD 2026. As of 4/26/2026, we hodl 818,334 $BTC acquired for ~$61.81 billion at ~$75,537 per bitcoin. $MSTR $STRC https://t.co/HnXQ1OY6Yv — Michael Saylor (@saylor) April 27, 2026 Michael Saylor announced the purchase on X and reported a 9.6% Bitcoin Yield year-to-date in 2026. He also released the company’s Form 8-K filing with the U.S. SEC. The filing detailed that Strategy funded the purchase through its at-the-market equity program. Between April 20 and April 26, 2026, Strategy sold 1,451,601 MSTR shares. The share sales generated $255.0 million in net proceeds after commissions. During the same period, the company sold no preferred stock. Peter Schiff responded to Saylor’s update and targeted his $1 million Bitcoin forecast. In 2025, Saylor said Bitcoin could reach $1 million if Strategy acquired 5% of the total supply. Schiff argued that current accumulation trends do not support that outlook. Schiff stated that Strategy now controls about 3.9% of the total Bitcoin supply. He said the company purchased 231,666 BTC since Saylor made the forecast. According to Schiff, similar price reactions to future purchases could push Bitcoin below $60,000 before Strategy reaches 5%. He wrote that “if the next 231,666 BTC move the market as the last ones did, the price could be under $60,000.” Schiff used this calculation to dispute the $1 million target. He has repeatedly supported gold as an alternative store of value. Schiff also criticized claims about covering a reported 11.5% yield on STRC with modest Bitcoin growth. He argued that continuous issuance raises the required price increase. He said falling STRC prices could force higher yields and strain the structure. According to Schiff, selling Bitcoin to cover yields would pressure the market. He warned that such actions could trigger a “death spiral” unless Strategy cancels the dividend. Strategy’s latest Form 8-K filing, dated April 27, 2026, confirms the recent equity-funded purchase.