Peter Schiff Questions Strategy’s 12% STRC Yield Assumption

Economist Peter Schiff challenged assumptions behind Strategy’s STRC preferred stock, arguing its 12% annualized yield depends on Bitcoin (BTC) appreciating 30% a year.

In a Nov. 12 post on X, Schiff argued that this pace of growth would let Strategy pay STRC holders while remaining profitable. He cited a 6.5% Bitcoin decline in 2025 and a roughly 17% drop so far in 2026 as reasons to question the annual growth assumption.

Schiff’s comments follow his Nov. 9 criticism of STRC as “dead” while Strategy continued repurchases.

Strategy disclosed it bought 1,887,464 STRC shares for $188.3 million from Nov. 2 to 8, using proceeds from MSTR share sales.