Peter Schiff calls Strategy’s 1,550 BTC purchase ‘damage control’ amid share issuance

Peter Schiff said Strategy Inc. bought 1,550 Bitcoin for $101 million on Monday, June 8, framing the move as "damage control" aimed at easing investor concerns. He tied it to Strategy’s May 26–May 31 sale of 32 BTC for $2.5 million and to a $100 million cash-reserve increase that lifted total cash to $1 billion. Strategy’s 8-K shows 1,409,600 MSTR shares were sold for $181 million net, with $101.3 million used for BTC and about $80 million allocated to cash.