Peter Schiff Says Strategy’s Bitcoin Sale Locked In Estimated $54 Million Loss
JH Kim
Summary
- Peter Schiff said Strategy’s recent Bitcoin (BTC) sale likely resulted in a $54 million realized loss.
- Schiff estimated that Strategy recorded a loss of about $15,000 per BTC in the sale of 3,588 BTC, based on its average purchase price.
- He added that if Strategy continues additional sales, the losses could grow further.
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Crypto skeptic Peter Schiff said Strategy’s recent Bitcoin sale likely resulted in a realized loss of about $54 million.
U.Today reported on July 6 that Schiff estimated Strategy sold 3,588 Bitcoin at a loss of about $15,000 per token based on its average purchase price, bringing the total estimated loss to $54 million.
He added that the loss could grow if the company continues selling.
JH Kim
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