Peter Schiff warns MicroStrategy's Bitcoin strategy risks collapse amid rising costs and low BTC growth.

After a 23-day pause, MicroStrategy resumed buying Bitcoin through its financial instrument STRC, but only in small amounts. Peter Schiff criticized Michael Saylor's strategy, calling it unsustainable and predicting a collapse of MicroStrategy's Bitcoin holdings and related assets. The company faces a challenge as its 11.5% yield obligation exceeds Bitcoin's growth, risking a scenario where it must sell or collateralize Bitcoin to pay investors. This financial strain was highlighted by a $12.5 billion net loss in Q1 2026, raising doubts about the long-term viability of Saylor's accumulation approach if Bitcoin does not deliver strong gains soon.