Peter Schiff to Michael Saylor: “What Will You Sell Next?” as STRC Vote Looms
BeInCrypto
Michael Saylor seeks a vote on STRC dividend frequency while Peter Schiff criticizes the firm’s cash management and Bitcoin-heavy strategy.Summary
Michael Saylor is urging shareholders to vote by June 8 on a proposal to move STRC dividend payments from monthly to semi-monthly, maintaining an 11.5% yield. While Saylor promotes this as a benefit for retail investors to improve cash flow, gold advocate Peter Schiff has intensified his criticism. Schiff argues that the company’s model—issuing equity to fund dividends and acquire Bitcoin—is unsustainable and creates a liquidity crisis. Following a recent debt repurchase that reduced cash reserves, Schiff questioned Saylor on what assets might be sold next to sustain operations.
(Source：BeInCrypto)