Michael Saylor’s Bitcoin strategy has made headlines again after revealing that the software producer bought 3,081 BTC for around $357 million with an average price of $115,829. The company currently has 632,457 BTC, worth more than $71 billion, with an average entry of $73,527.
Based on the numbers, despite recent market ups and downs, the strategy is still up over 52%.
Before the announcement, Saylor said that Bitcoin is on sale, but it’s all fun until Peter Schiff stepped into the Bitcoin discussion.
Would you like to buy Bitcoin? That might be a good idea, but according to Schiff, there will not be a real opportunity until a company like Strategy becomes bust. For him, the only interesting entry point is when a company that invests heavily in Bitcoin has to sell many holdings.
The man who used Bitcoin all-in says. If you really want to buy Bitcoin, wait until your strategy is removed.
– Peter Schiff (@peterschiff) August 24, 2025
The critique has sparked concerns about how companies are dealing with the “Bitcoin Treasury Ministry.”
Risks of Bitcoin Finance Companies
This model often involves issuing stocks at a premium, leading revenues to Bitcoin, and watching the feedback loop raise the valuation. It works while the premium is good, but when it fades, the capital inflow stops and the setup starts to look like a margin trading where there is no room for error.
For now, strategy is still famous in this field. The company currently has a market capitalization of $99 billion and its enterprise value is almost $113 billion, with Bitcoin Holdings making up about three-quarters of that total.
Still, Schiff’s point is still hanging there. The best time to buy Bitcoin isn’t when Saylor talks about it, but when the BTC-based system of supporting the financials of companies is finally falling apart.
