Key highlights:
US-based economist Peter Schiff has poked holes in for the first time since its launch amid rising investor concern.
Peter Schiff rails against Strategy’s 32-year dividend payment claim
Long-time Strategy critic Peter Schiff criticized the claim, arguing that the projection depends on several assumptions remaining favorable for up to three decades. Schiff noted that if Strategy issues any more preferred shares or increases the dividends on its existing offerings, its 32-year dividend payment claim will fall apart.
“That assumes you don’t raise the dividend on the preferreds, you don’t issue any more preferred shares, and the price of Bitcoin doesn’t fall,” wrote Schiff.
That assumes you don’t raise the dividend on the preferreds, you don’t issue any more preferred shares, and the price of Bitcoin doesn’t fall. In fact, if you start selling Bitcoin to cover your obligations, the price will fall even faster, depleting your reserves much quicker.
— Peter Schiff (@PeterSchiff) June 17, 2026
Furthermore, the economist opined that a dip in Bitcoin prices will hurt Strategy’s ability to sustain dividend payments for 32 years with its reserves. At press time, Bitcoin is down nearly 50% from its all-time high, with macroeconomic forecasts casting a shadow of doubt on the largest cryptocurrency.
Schiff also warned that any attempts by Strategy to start selling Bitcoin to cover its obligations to shareholders will trigger a bleak domino effect. He predicted that Strategy’s BTC sales will cause the Bitcoin price to crash, further depleting its reserves “much quicker.”
Back in November 2025, Strategy claimed that it had 71 years of dividend coverage, but an underwhelming BTC price has seen the figure slip to 32 years in under seven months.
Early in the month, Strategy sold 32 BTC for $2.5 million to fund preferred stock distribution, a move that raised eyebrows among investors. In a panel session at BTC Prague, Michael Saylor defended the sale while clarifying that Strategy will sell even more Bitcoin to meet its shareholder obligations.
Source:: Peter Schiff Knocks Strategy for Claiming Its Bitcoin Reserve Can Cover Dividends for 32 Years