Peter Schiff said Strategy realized a major loss after selling part of its Bitcoin holdings. He argued that over the past two weeks, the company sold 3,588 BTC at an average price of $60,196.73 per coin. Based on his calculation, that sale implies a loss of about $15,000 per Bitcoin versus the company’s average acquisition cost, bringing the total realized loss to roughly $54 million.
Schiff’s estimate centers on the gap between cost and sale price
Schiff framed the transaction as a clear realized loss rather than a paper decline tied to market volatility. His estimate relies on the difference between Strategy’s average purchase price and the level at which the coins were sold. The point of his criticism was simple: the company did not exit this portion of its position at a favorable level.
He warns additional sales could deepen the damage
Schiff also said losses could grow if Strategy keeps reducing its Bitcoin holdings. In his view, if market conditions stay the same, the company’s financial pressure could become more severe. The source material does not include any statement from Strategy about whether more sales are planned, and it does not provide a company response to Schiff’s remarks.
The criticism stands out because Strategy has spent recent years building a reputation around aggressive Bitcoin accumulation. That approach has been closely associated with executive Michael Saylor, who has repeatedly promoted a long-term holding stance. Against that backdrop, the latest sale appears to conflict with the company’s long-running message about holding Bitcoin over the long haul.
Market reaction is split over what the sale means
Not everyone in the crypto market agrees with Schiff’s interpretation. Some participants see the sale of part of Strategy’s Bitcoin reserves as a reasonable balance-sheet move. From that perspective, asset sales can be a normal part of portfolio management and do not automatically signal a negative turn for either the company or the broader Bitcoin market.
Others see the transaction as a meaningful break from a strict Bitcoin holding policy. That leaves one central question unresolved: was this simply a one-off accounting or position adjustment, or does it point to a broader change in Strategy’s Bitcoin approach? For now, discussion remains focused on Schiff’s loss estimate and his warning that more selling could lead to deeper realized losses.