Peter Schiff Mocks Saylor’s Bitcoin Buy: ‘Who Knew Paying Extra Was a Strategy?

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In the early days of February, when most of the financial world was nursing its wounds from a brutal end to 2025, our friend Michael Saylor was off in another realm, lost in the cryptocurrency cosmos, chasing after Bitcoin like a moth to a flame.

Just a day after he tweeted about “Orange Dots Matter”-because, of course, nothing says fiscal responsibility like color-coded graphics-his company, Strategy, decided to dive headfirst into the Bitcoin pool once again.

On the fateful day of February 9, 2026, they announced they’d snatched up another 1,142 Bitcoins for a staggering $90 million, with each shiny coin costing an average of $78,815. No one ever accused them of being penny-pinchers, that’s for sure.

This little shopping spree pushed their total Bitcoin stash to around 714,644 BTC, which is almost 3.4% of all the Bitcoin that will ever exist-because who needs diversification when you can have a mountain of digital gold, right?

Current market condition is concerning

This latest acquisition came at a time when the market resembled a rollercoaster gone rogue, with Bitcoin’s price plummeting to about $68,999 after a dramatic drop of 1.55% in just a single day, and a near 24% nosedive over the past month. Must be quite the thrill ride for Saylor’s heart!

For Saylor, this dip was not a red flag but a golden opportunity. By paying $78,815 per BTC, his company seemed to believe that any price below $100,000 was a bargain. Who knew buying high could be seen as a savvy long-term strategy?

But not everyone shared this sunny outlook. Enter Peter Schiff, the ever-skeptical Bitcoin critic, who took to Saylor’s tweet like a hawk swooping down on a hapless field mouse.

Peter Schiff vs. Michael Saylor

With the precision of a seasoned debater, Schiff quipped,

“Somehow you managed to buy at $78,815, averaging your cost up slightly, despite Bitcoin trading below $60K during the week and its current price of around $68,500.”

With a flourish, he criticized Saylor’s latest move, pointing out that buying those 1,142 Bitcoins at an average price above their previous average of $76,056 was like throwing a party and inviting risk. He even noted the timing was less than stellar; with Bitcoin teetering around $69,000, Strategy paid nearly $10,000 more per coin. If that’s not poor decision-making, what is?

What’s more…

Schiff has previously argued that Strategy’s business model might be playing a tricky game, suggesting they deliberately overpay for Bitcoin just to keep the investors’ hearts fluttering. After all, nothing builds confidence like a little financial sleight of hand!

He warned of the impending doom, predicting bankruptcy was lurking just around the corner, as the firm now faced an unrealized loss of about 3% on its whopping $54 billion investment. Quite the pickle, wouldn’t you say?

While Schiff views Bitcoin through the lens of a short-term trader, Saylor appears to don the spectacles of a long-term visionary, or perhaps just someone with a keen sense of denial.

MSTR stock price and more

Meanwhile, on the stock market front, MSTR stock climbed to $138.44 after this announcement, gaining a modest 3.51% in one day. But if you glance at the bigger picture, you’ll see the stock has taken a nosedive of more than 260% over the past six months-like a bird soaring high only to discover it didn’t check for wind currents.

Reports from The Kobeissi Letter paint a grim picture of the firm’s losses. Ergo, if Strategy manages to survive this tumultuous plunge without too many feathers ruffled, it might just inspire other companies to jump on the Bitcoin bandwagon. But if the pressure from falling prices and high averages becomes too much, it could serve as a cautionary tale for corporate Bitcoin investing for years to come-a real horror story, if you will.

Final Thoughts

  • Strategy’s latest purchase indicates the company sees falling prices as a gift, not a curse.
  • Short-term stock gains might be a sign of investor confidence, but the long-term outlook looks a bit murky.

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2026-02-10 19:23