Strategic Bitcoin Returns Drop by 66%

The Bitcoin returns of Strategy have fallen from 13.3% on May 25 to a recent 4.5%, prompting a reevaluation of Michael Saylor's Bitcoin holding model. This represents a decrease of about 66% over the past two months, shifting the focus of the debate from BTC prices to the company's funding structure. As of the 29th, BTC was trading at $64,500, down 0.2% over the last 24 hours. Peter Schiff warned on the 27th that Bitcoin returns could turn negative by 2026, also expressing confusion over the 7% rise in Strategy's stock price. Schiff criticized the metrics released by Strategy, pointing out that even if the number of shares increases due to funding, the per-share BTC holdings would not be diluted if the total BTC held by shareholders increases. Strategy has previously sold 3,588 BTC for approximately $216 million to fund preferred stock dividends. In terms of price, CryptoNews mentioned the $58,000 range as the first support level, warning that if this level breaks, it could fall to $50,000 and then potentially to $20,000. Conversely, if the inflow of funds into spot ETFs recovers, the possibility of a recovery to $70,000 is also being raised. This debate tests whether companies holding BTC can simultaneously continue funding, dividends, and expansion of holdings.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.