Peter Schiff, CEO of Euro Pacific Capital, has publicly criticized Strategy Inc.'s business model, labeling it a 'fraud' on social media. Schiff, a known Bitcoin skeptic, argues that the company relies excessively on Bitcoin's price appreciation for financial gains rather than focusing on operational profitability. This critique has ignited discussions about the ethical implications of Strategy Inc.'s financial reporting, particularly its practice of reporting unrealized Bitcoin gains as earnings. The controversy has also highlighted concerns about insider confidence and the company's accounting practices. Strategy Inc.'s stock continues to show volatility, closely mirroring Bitcoin's market fluctuations, which further fuels the debate over its financial strategies.
Peter Schiff Calls Strategy Inc.'s Bitcoin-Dependent Model a 'Fraud'
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