Peter Schiff warns that Strategy's high interest issuance of STRC may face the risk of suspending dividends

Economist Peter Schiff posted on X platform that the Bitcoin "pyramid" is currently supported by Strategy, which has raised the dividend yield of its perpetual preferred stock STRC to 11.5% to continue financing and buying Bitcoin. With the increase in STRC stock issuance, Strategy's cash consumption continues to rise. If cash is depleted, dividends may be suspended, and Michael Saylor may need to sell Bitcoin to pay dividends. Chaitanya Jain, the head of strategy at Strategy, has stated that STRC and Strategy will form the "ultimate Bitcoin accumulation machine," and this institutionalized buying model may affect the structure of the Bitcoin bear market.