Saylor’s Strategy would have done better without Bitcoin, says Peter Schiff
The post Saylor’s Strategy would have done better without Bitcoin, says Peter Schiff appeared on BitcoinEthereumNews.com.
Key Takeaways Peter Schiff claims Strategy’s investment in Bitcoin has only yielded modest returns over five years. Schiff argues that any other asset would have performed better than Bitcoin, offering higher returns. Bitcoin treasury firm Strategy would have delivered stronger returns had Michael Saylor avoided Bitcoin and allocated capital to other asset classes, said Peter Schiff, a longtime Bitcoin critic and gold advocate, in a recent statement. “Strategy has been buying Bitcoin for five years. With an average cost of $75K, the company has a ‘paper profit’ of just 16%,” Schiff posted via his official X account. “That’s an average annual return of just over 3%.” Strategy (MSTR) slipped in Monday trading, extending a rough year for the stock, per Yahoo Finance. Often viewed as a proxy for Bitcoin, MSTR is now 46% lower in 2025. Schiff faced backlash from market observers following his statement. In a comment, prominent expert Willy Woo said Schiff misrepresented Strategy’s performance by assuming all Bitcoin purchases happened simultaneously, instead of factoring in the timing of each trade. He said that led to an inaccurate view of performance. “That’s my quant. He doesn’t even speak English.” You need one of those Peter, before you post your math. You averaged the cost basis but didn’t average the time basis. Scam maths. — Willy Woo (@woonomic) December 29, 2025 Venture capitalist Revaz Shmertz also challenged Schiff’s comparison, saying it failed to reflect how investment returns are actually calculated. Peter, that’s not how returns work. You can’t divide paper profit by five years when buys are staggered across the whole period. And “any other asset” is doing a lot of heavy lifting. Now I ask you:– Which asset? – With what drawdown tolerance? – At what entry timing?… — Rezo🛡₿RRR (@rezoshm) December 29, 2025 Strategy announced this morning…
Filed under: News - @ December 29, 2025 7:27 pm