Peter Schiff Declares ’Conman’ Saylor ’Finished’ as Bitcoin Titan Amasses $1.44B War Chest

A heavyweight clash is brewing between crypto's biggest bull and its most vocal goldbug.

The Billion-Dollar Bet

While critics sound the alarm, one corporate giant is doubling down. Michael Saylor's MicroStrategy has quietly built a staggering $1.44 billion reserve dedicated solely to Bitcoin. This isn't a speculative trade; it's a strategic treasury overhaul, positioning the company as a publicly-traded proxy for the digital asset itself. The move signals a profound shift in how institutional players view crypto—not as a fringe gamble, but as a core reserve asset.

The Gold Standard's Last Stand?

Enter Peter Schiff, the perennial Bitcoin skeptic. He's firing back, labeling Saylor a 'conman' and declaring his strategy 'finished.' It's the latest salvo in a decade-long war between the old guard of gold and the new frontier of digital scarcity. Schiff's critique hinges on volatility and the lack of intrinsic value—arguments that sound increasingly hollow as nine-figure corporate treasuries flow into the space.

The real story isn't the feud; it's the capital. That $1.44 billion isn't sitting in a money market fund earning a pathetic yield. It's a declarative bet on a new financial paradigm, one that bypasses traditional gatekeepers. Whether it's genius or folly will be written in the ledger—block by immutable block.

After all, on Wall Street, conviction is just a fancy word for a bet you haven't lost yet.

The long-running debate between Peter Schiff and Michael Saylor has exploded again after Strategy Inc announced a major shift in its financial strategy. The company has created a $1.44 billion US Dollar Reserve, a MOVE Schiff claims proves the company’s Bitcoin-based business model is “broken.”

Strategy Inc Creates $1.44 Billion USD Reserve

Strategy Inc said it has set up a $1.44 billion USD Reserve to ensure it can continue paying dividends on its preferred stock and interest on its outstanding debt.

The reserve was built using proceeds from selling new shares through its at-the-market stock offering program.

Strategy Inc. announced a $1.44 billion USD reserve to cover at least 12 months of preferred dividends and interest payments, funded through its at-the-market stock sales. The company now holds 650,000 BTC and says the reserve will help manage volatility. https://t.co/i4X1J62Qel

The company says the USD Reserve will help stabilize operations during periods of volatility. Its plan is to eventually scale the reserve to cover 12 months of obligations, and later expand it to 24 months or more.

Michael Saylor called the new reserve “the next step in the company’s evolution”, explaining that the mix of a BTC Reserve and USD Reserve strengthens Strategy’s long-term vision as the “leading issuer of Digital Credit.”

Peter Schiff Reacts

Gold advocate and long-time crypto critic Peter Schiff reacted immediately — and harshly. According to Schiff, the announcement proves Strategy Inc’s model has hit a breaking point.

He posted: “Today is the beginning of the end of $MSTR. Saylor was forced to sell stock not to buy Bitcoin, but to buy U.S. dollars just to fund interest and dividend obligations. The stock is broken. The business model is a fraud, and Saylor is the biggest con man on Wall Street.”

Schiff argues that issuing stock to raise cash,  not for buying Bitcoin, but to pay obligations, shows that Strategy Inc is struggling to sustain its aggressive Bitcoin-leveraged strategy.

A New Chapter for Saylor’s Bitcoin Strategy

The market is now watching closely. For years, Strategy Inc has been the most aggressive corporate buyer of Bitcoin. But with this new US dollar buffer, the company is showing that stability, cash flow, and liquidity are now just as important as Bitcoin accumulation.

Whether this marks a smart risk-management shift,  or, as Schiff claims, the “start of the end” — will depend on how bitcoin performs in the coming quarters.