Just 16% Profit? Peter Schiff Challenges Strategy’s Billion-Dollar Bitcoin Bet
Peter Schiff criticized Strategy's Bitcoin accumulation, noting a 16% five-year profit is underwhelming, while BitMine expands its Ethereum holdings.Summary
Peter Schiff criticized Strategy's massive Bitcoin holdings, pointing out that their reported 16% unrealized profit over five years equates to a modest 3% annual return, suggesting Michael Saylor would have been better off investing elsewhere. Strategy recently acquired another 1,229 BTC, bringing its total to 672,497 BTC, valued at over $50 billion, with an average purchase price of $74,997.
In contrast, Tom Lee’s BitMine Immersion is aggressively accumulating Ethereum, purchasing 44,463 ETH last week to reach 4,110,525 ETH, aiming for a strategic goal of holding 5% of the total ETH supply. BitMine also holds staked ETH and is preparing for a Q1 2026 launch of its MAVAN staking solution.
The article highlights the diverging institutional strategies: Strategy's long-term Bitcoin store-of-value conviction versus BitMine's focus on Ethereum treasury expansion and staking yields, all while Schiff maintains skepticism over the efficiency of Strategy's capital allocation.
(Source：BeInCrypto)