Here’s why Peter Schiff says Strategy's Bitcoin yield is collapsing

MicroStrategy’s core investment thesis is collapsing. Its Bitcoin yield plummeted from 13.3% to just 4.5% in two months—a 66% crash. At this rate, the yield will turn negative by 2026. The capital structure designed to accumulate Bitcoin is now cannibalizing itself to service debt, even forcing the sale of thousands of BTC. If you’re bullish, you’re better off holding the asset directly than owning MSTR. Is Saylor’s playbook finally failing, or is this just a temporary dip? What’s your take?
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