Schiff Marks Saylor Bitcoin Treasury’s Return to Cost Basis
Peter Schiff used Bitcoin’s pullback to taunt supporters as Saylor’s treasury vehicle returned to its acquisition-price level, according to U.Today.
Peter Schiff used Bitcoin’s pullback to taunt supporters as Saylor’s treasury vehicle returned to its acquisition-price level, according to U.Today. Bitcoin (BTC) is trading at $75,758.00, down 0.1% since this brief published. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Sat, 07 Nov 2026 15:45:02 UTC.
The episode highlights how closely the treasury strategy’s reported position is tied to Bitcoin’s market price. A return to cost basis removes the paper gain described in the coverage but does not resolve the wider risk associated with holding a volatile asset.
- U.Today reported Schiff’s reaction to Bitcoin’s recent decline.
- Saylor’s Bitcoin treasury vehicle returned to its reported cost basis.
- Bitcoin trades at $75,871, down 2.02% over seven days.
- Extreme Fear stands at 25 despite a 0.88% daily gain.
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- Schiff Marks Saylor Bitcoin Treasury’s Return to Cost Basis — this brief
U.Today reported that Peter Schiff responded to 
Bitcoin’s recent price decline with remarks congratulating Bitcoin supporters and taking aim at the strategy associated with Michael Saylor. The publication characterized his reaction as sarcastic rather than presenting the comments as a substantive response to the treasury company’s finances.
At the center of the coverage is Saylor’s Bitcoin treasury vehicle, described as the largest of its kind. U.Today said the company was back at its cost basis following Bitcoin’s downturn. In practical terms, that means its Bitcoin holdings were again valued around the price reflected in the company’s acquisition cost, rather than showing the premium cited in the earlier context.
No other outlet covered the exchange in the supplied material, so Schiff’s wording, the timing of the reaction, and the treasury company’s return to cost basis are attributable only to U.Today. The report did not provide a precise acquisition figure, position size, or the size of the change in the treasury company’s reported Bitcoin value.
Live market data show Bitcoin at $75,871, up 0.88% over 24 hours but down 2.02% over seven days. Its market capitalization stands at $1.53 trillion within a broader crypto market worth $2.61 trillion. The overall market is flat, while the Fear & Greed index remains at 25, labelled Extreme Fear. The key watchpoint is whether Bitcoin can remain above the level that put the treasury vehicle back at cost basis, alongside whether its shorter-term rebound continues.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from $75,871.00 to $75,758.00 — -0.15%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦104.47M (about $75,758.00), up 0.3% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Schiff Marks Saylor Bitcoin Treasury’s Return to Cost Basis — questions & answers
What triggered Peter Schiff’s reaction?
U.Today said Schiff reacted to Bitcoin’s recent price decline and sarcastically congratulated Bitcoin supporters as Saylor’s treasury vehicle returned to cost basis.
Is Bitcoin trading above or below cost basis?
U.Today reported that Saylor’s Bitcoin treasury vehicle was back at its cost basis. Bitcoin itself was priced at $75,871 at the time of the supplied market snapshot.
How are broader crypto sentiment and Bitcoin performing?
Bitcoin was up 0.88% over 24 hours but down 2.02% over seven days, while the Fear & Greed index stood at 25, indicating Extreme Fear.
How much is 1 Bitcoin worth in naira today?
About ₦104.47M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $75,758.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.15% since this brief first published — trading at $75,758.00 now versus $75,871.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.