Gold advocate Peter Schiff has criticized the Bitcoin to $1 million forecast by Michael Saylor following Strategy’s latest BTC purchase.
The recent buy has pushed Strategy’s total Bitcoin holdings to 818,334 BTC. While the firm has now entered a profitable position after months of being underwater, Schiff’s criticism insists this is underwhelming.
Key Points
- Strategy purchased 3,273 BTC for $255 million at $77,906 per bitcoin, bringing total holdings to 818,334 BTC.
- Strategy funded the purchase by selling over 1.4 million MSTR shares, generating $255 million in net proceeds.
- At current prices, Strategy’s Bitcoin stash is worth $63.7 billion, putting the company $1.9 billion in profit.
- Peter Schiff criticized the recent Strategy purchase, calling attention to Saylor’s Bitcoin to $1 million forecast.
- Schiff argued that Bitcoin could fall below $60,000 by the time Strategy reaches 5% of total supply.
Strategy’s Latest Bitcoin Purchase
Strategy has bought another batch of Bitcoin, with Chairman Michael Saylor announcing on X that the company purchased 3,273 BTC for roughly $255.0 million, at an average price of about $77,906 per bitcoin.
Strategy has acquired 3,273 BTC for ~$255.0 million at ~$77,906 per bitcoin and has achieved BTC Yield of 9.6% YTD 2026. As of 4/26/2026, we hodl 818,334 $BTC acquired for ~$61.81 billion at ~$75,537 per bitcoin. $MSTR $STRC https://t.co/HnXQ1OY6Yv
— Michael Saylor (@saylor) April 27, 2026
Alongside the purchase, Saylor reported that Strategy had achieved a Bitcoin Yield of 9.6% year-to-date in 2026. As of April 26, 2026, the company’s total holdings stand at 818,334 BTC, bought for a combined $61.81 billion at an average price of $75,537 per bitcoin.
With Bitcoin trading at around $77,850 at the time of writing, Strategy’s total stash is now worth $63.7 billion, putting the company about $1.9 billion in profit.
This is a turnaround from earlier in the year, when Bitcoin spent much of its time below $70,000 and kept Strategy’s position underwater. The company is now in the green, though the margin is slim and the position is still far from comfortable.
Saylor also shared Strategy’s official Form 8-K filing with the U.S. SEC as supporting documentation for the announcement. According to the Form 8-K filing dated April 27, Strategy paid for its latest Bitcoin purchase entirely through its at-the-market offering program.
Between April 20 and April 26, 2026, the company sold 1,451,601 shares of its Class A common stock under the ticker MSTR, bringing in net proceeds of $255.0 million after commissions. During the same period, Strategy sold none of its preferred stock series.
Peter Schiff Criticizes Saylor’s $1M Bitcoin Prediction
Gold advocate Peter Schiff responded to Saylor’s latest announcement, specifically criticizing a prediction Saylor made in 2025 that Bitcoin would reach $1 million per coin if Strategy acquired 5% of the total supply.
In 2025, you predicted that Bitcoin would hit $1 million per coin if $MSTR accumulated 5% of the supply. MSTR now owns 3.9%. If buying the next 231,666 BTC has the same impact on Bitcoin's price as buying the last 231,666, Bitcoin will be below $60,000 when MSTR finally hits 5%.
— Peter Schiff (@PeterSchiff) April 27, 2026
Schiff noted that Strategy now holds 3.9% of the supply after procuring 231,666 BTC since that forecast, and argued that if the next 231,666 BTC purchases move Bitcoin’s price by the same amount as the last 231,666 did, the asset could actually fall below $60,000 by the time Strategy crosses the 5% mark.
The latest comments are part of Schiff’s long-running effort to challenge both Bitcoin as an asset and Strategy’s BTC accumulation campaign, as he continues to advocate for gold as the better store of value.
Recent Criticisms
Schiff had also spoken up the day before Strategy revealed the latest purchase. Specifically, he argued against claims that Bitcoin only needs to rise 2% per year to cover the 11.5% yield on STRC, pointing out that Saylor keeps increasing issuance.
His argument was that the more STRC Strategy sells, the more Bitcoin has to rise to cover the yield, and that a drop in STRC’s price would force the company to raise that yield even further.
According to him, selling Bitcoin to pay the yield would drag Bitcoin’s price down, setting off what he calls a death spiral that could only stop if Strategy cancels the dividend. However, he argued that this move would in turn crash STRC, pull MSTR down with it, and take Bitcoin along for the fall.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
