• Peter Schiff mocked Strategy's six-year Bitcoin buying streak in a Saturday post.

• Strategy's average Bitcoin purchase price sits at roughly $75,500 per BTC.

• Bitcoin (BTC) traded at $75,808, up 0.65% over 24 hours.

Schiff Marks Six Years of Strategy Buying

Peter Schiff has reopened his attack on Strategy's Bitcoin accumulation, arguing that six years of near-continuous buying have yet to produce the returns Michael Saylor once promised. In a post published earlier on Saturday, the longtime gold advocate and Bitcoin critic sarcastically congratulated holders of the asset, pointing out that the company's average purchase price sits at roughly $75,500 per BTC while the market trades barely above that line. The Bitcoin (BTC) price stands at $75,808, up 0.65% over the past 24 hours, which leaves the largest corporate buyer within a few hundred dollars of its own cost basis. His post congratulating Bitcoin holders spread across the crypto ecosystem within hours, drawing replies from long-term holders who call the drawdown routine and skeptics who read the six-year record as vindication. Strategy, the software firm formerly known as MicroStrategy, built what amounts to the largest corporate strategic Bitcoin reserve, buying on schedule through every market cycle since it adopted the treasury policy in 2020. Schiff seized on that record after the recent drawdown, contending that the accumulation program, measured against Saylor's earlier expectations of annual returns near 30%, has underperformed the pitch that justified it. He framed the six-year position as a test of the corporate treasury model itself: a buyer that purchases regardless of price should, on the bull case, compound far faster than gold or cash, and a stretch that ends barely ahead of cost undercuts that promise.

Gold Would Have Doubled the Money

Schiff did not stop at the arithmetic of the cost basis. He revived his long-running Bitcoin versus gold argument, asserting that the same capital placed in gold over the identical six-year window would roughly have doubled. In his telling, Saylor simply picked the wrong asset for the treasury: gold, he argues, offered a steadier store of value while the digital asset swung through cycles that left even the most disciplined buyer barely ahead. Schiff has spent years describing Bitcoin as a Ponzi scheme and questioning its fitness as a long-term investment, so the intervention continues a familiar position rather than breaking new ground. What gives the comparison traction this time is the structure of the corporate commitment. Strategy accumulated on schedule regardless of price, a discipline that mirrors long-term holders who HODL through drawdowns, and it leaves the firm fully exposed to spot volatility with no hedge in place. Strategy's MSTR shares have historically moved with the underlying asset, so a treasury stuck near its average cost shows up on the equity side as well. Defenders of the model answer that six years is too short to judge a strategy built for decades, that the holdings remain intact, and that the approach was never designed around a single cycle. Critics respond that opportunity cost is the point: money that could have doubled in gold instead sat close to breakeven, which is exactly the comparison Schiff wants investors to weigh. The exchange has rekindled the old split between Bitcoin maximalism and precious-metal conservatism, and neither camp shows any sign of moving.

Price Holds $300 Above the Cost Basis

Our live reading frames how thin the margin is: the spot price of $75,808 sits just 0.4% above the $75,500 cost basis Schiff cites, and composite scoring places the strongest support at $74,838, scored 100/100, with resistance at $76,367, scored 80/100, leaving a band of roughly $1,500 on either side. Positioning looks cautious rather than stressed: the perpetual funding rate holds mildly positive at 0.0040%, and the Fear & Greed Index reads 25/100, in extreme fear territory. One documented technical map argues a Bitcoin slip below $73,000 would target $60,000, which would push the treasury firmly underwater and hand Schiff a stronger talking point.