Peter Schiff Floats Investor Lawsuit Against Michael Saylor as STRC Hits New Lows

Bitcoin critic Peter Schiff has suggested that some specific STRC investors have an “ironclad” case against Strategy and its co-founder, Michael Saylor. Schiff also opined that the Strategy co-founder may be guilty of fraud and has a lot of liability to investors who will lose money as STRC drops to new lows.

Schiff Says STRC Investors Have An Ironclad Case Against Saylor

In an X post, Schiff said that retirees who bought STRC last month and have already lost 15% of their principal may likely have an ironclad lawsuit against Strategy and Saylor. He added that they have a case as long as they purchased the stock based on Saylor’s promotion touting the stock’s yield without disclosing the high risk.

His statement comes amid the STRC stock’s decline to record lows today. Strategy’s preferred security is currently trading at around $86, down over 2% today, according to TradingView data. The stock is also notably down double digits from its $100 par value.

Schiff remarked that the stock was collapsing and that at today’s price, the yield is 13.5%. “That means to get the share price back up to $100, to make earlier investors whole, and to issue new shares, MSTR needs to raise the yield to 13.5%. That means the $85.32 buyers get a yield of 17.5%,” he noted.

In another X post, the Bitcoin critic noted that MSTR’s per-share discount to its Bitcoin holdings is soaring while STRC tanks and the Bitcoin price declines. “Soon Saylor will trade in his orange tie for an orange jumpsuit,” Schiff said.

The financial house of cards @Saylor built is collapsing. $MSTR‘s per-share discount to its Bitcoin holdings is soaring, $STRC is tanking, and Bitcoin itself is breaking down, taking the rest of crypto down with it. Soon Saylor will trade in his orange tie for an orange jumpsuit.

— Peter Schiff (@PeterSchiff) June 18, 2026

Schiff Says Saylor Guilty Of Fraud

Peter Schiff opined that Saylor has defrauded investors and that he is surely guilty of a civil offense. “He has a lot of potential liability to investors who will lose a lot of money,” the economist declared in reference to the STRC stock decline.

He claimed that Saylor had violated the SEC’s marketing rules in how he marketed the preferred security. Schiff added that the SEC has specific marketing rules that Saylor, as an officer of Strategy, likely violated.

Amid the decline in the STRC stock, Strategy has continued to accumulate more Bitcoin. As CoinGape reported, Strategy bought $100 million in BTC last week, selling only MSTR shares to fund the purchase.

The MSTR stock is down over 6% today, currently trading at around $109, according to TradingView data. The stock is also down over 7% in the last five days.