MAROKO133 Eksklusif crypto: Peter Schiff Warns of a “Death Spiral” in MicroStrategy’s Bitc

📌 MAROKO133 Eksklusif crypto: Peter Schiff Warns of a “Death Spiral” in MicroStrat

Peter Schiff is warning that MicroStrategy’s Bitcoin-backed yield strategy is heading toward a death spiral, claiming the company’s expanding STRC preferred stock issuance now threatens both MSTR shares and Bitcoin itself.

The economist and longtime Bitcoin (BTC) critic argues that Strategy’s variable 11.5% dividend cannot be funded without selling Bitcoin or attracting an endless stream of new STRC buyers, a setup he calls structurally unstable.

Inside Schiff’s MicroStrategy Thesis

In recent posts on X, Schiff said the gap between Strategy’s Bitcoin holdings and its growing cash obligations defines the danger. Strategy, formerly MicroStrategy, now holds 815,061 BTC after a $2.54 billion purchase on April 20, financed mostly through equity issuance.

Bitcoin produces no native cash flow, while STRC pays a variable 11.5% annualized dividend each month to holders. Schiff says that math eventually forces Strategy into a binary choice.

Either it sells BTC to fund payouts, or it keeps issuing fresh STRC to a shrinking pool of yield buyers.

Why Strategy Must Keep Issuing STRC

STRC has financed roughly 50,792 BTC since launching in July 2025 at a 9% dividend. Seven consecutive monthly increases have lifted the rate to its current 11.5%. Schiff argues that climb proves the model depends on capital raises rather than recurring operations.

Strategy purchased 64,948 BTC in 2026 alone before the latest tranche, tracking far ahead of its historical buying pace. That acceleration depends on capital markets staying open and STRC retaining demand near current yields.

Each fresh STRC issuance compounds the recurring cash burden, raising the share Strategy must cover from external sources. Other analysts have flagged similar concerns about how the security might behave during periods of credit-market stress or rising rates.

What Could Break the Yield Loop

If STRC demand cools, Schiff predicts forced Bitcoin sales would follow, pressuring BTC prices and Strategy’s net asset value. He also notes perpetual preferred dividends carry no firm legal floor, meaning the company could pause payments without triggering a formal default.

Some commentators have separately framed the resulting exposure as a systemic risk for the wider crypto market.

Saylor has repeatedly rejected those framings, citing MSTR’s long-run outperformance and the company’s $42 billion at-the-market program announced in March.

He has also publicly challenged Schiff to debate the STRC structure on his terms. Whether buyers keep absorbing STRC near current yields, and at what dividend level, will largely decide whose framing holds in the coming months.

The post Peter Schiff Warns of a “Death Spiral” in MicroStrategy’s Bitcoin Strategy appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com

📌 MAROKO133 Update crypto: Bitcoin Price Prediction: Metaplanet Raises $50 Million

Metaplanet just doubled down again, believing in its Bitcoin price prediction. The Japanese Bitcoin treasury firm announced its 20th bond issuance on Friday, raising ¥8 billion ($50 million) in zero-interest debt to fund further Bitcoin purchases, even as BTC trades near $77,800.

According to a Friday filing, EVO Fund, the Cayman Islands-based investor that has anchored every prior offering, fully subscribed to the latest issuance. The bonds carry zero interest, zero collateral, and zero guarantee, an unusual structure that functions as a rolling credit line, with each bond auto-redeemed as EVO exercises stock warrants in subsequent financing rounds.

Metaplanet now holds 40,177 BTC, valued at $3.11 billion at the current price, making it the third-largest listed Bitcoin treasury globally. That stack came with a cost as the firm reported a $619 million net loss for fiscal 2025, driven almost entirely by unrealized Bitcoin markdowns.

Metaplanet’s aggressive accumulation, 5,075 BTC added in Q1 alone, lands against a backdrop of recovering macro sentiment and renewed institutional interest.

Discover: The best crypto to diversify your portfolio with

Bitcoin Price Prediction: Reclaim $80,000 Next Week as Corporate Buying Pressure Builds?

Bitcoin’s 10% monthly gain to current levels $77,800 marks a meaningful recovery from the pressure tied to geopolitical tensions earlier this quarter, with analysts tracking a critical support band around $68,000 as the floor that needs to hold for any sustained rally thesis.

The technical setup is cautiously constructive. Price is recovering from a multi-month drawdown, and corporate accumulation events like Metaplanet’s bond issuance have historically reinforced institutional demand narratives, much as the BlackRock and Strategy accumulation cycles that preceded previous rallies.

For next week, BTC needs to hold the $75,000 support, with accelerated institutional flows, for its price to retest $80,000 next week.

Macro catalysts, including policy signals from Washington, remain a wildcard that could accelerate any of these scenarios without warning. Metaplanet itself is targeting 100,000 BTC by 2026, which implies sustained buying pressure regardless of short-term price action.

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Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels

Bitcoin here is a recovery story, but at a market cap measured in the trillions, the explosive percentage gains belong to an earlier chapter. Traders looking for asymmetric exposure to Bitcoin’s momentum are increasingly looking one layer down: at the infrastructure being built on top of it.

Bitcoin Hyper ($HYPER) positions itself at exactly that intersection. The project claims the title of the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, a combination designed to bring sub-second finality and low-cost smart contract execution to the Bitcoin ecosystem without sacrificing Bitcoin’s underlying security.

Hyper is a project that grafts Solana’s speed onto Bitcoin’s trust layer, a combination that solves three of Bitcoin’s most persistent limitations: slow transactions, high fees, and limited programmability.

The presale has raised $32 million at a current price of $0.0136, with staking available at a high 30% APY for early participants. Feature highlights include a Decentralized Canonical Bridge for BTC transfers and high-speed SVM-powered smart contracts.

For traders who want to go beyond BTC spot exposure, research Bitcoin Hyper here.

The post Bitcoin Price Prediction: Metaplanet Raises $50 Million to Buy More BTC appeared first on Cryptonews.

🔗 Sumber: cryptonews.com