Schiff Targets Strategy’s STRC as 12% Yield Meets $2.04B in Buybacks

Peter Schiff has criticized Strategy’s STRC preferred stock, calling it unsustainable despite a 12% dividend yield. His argument, as reported by Crypto Economy and U.Today, is that Strategy’s use of substantial capital to buy back the product is masking weakness in investor demand rather than validating its economics. Crypto Economy cited company data showing that Strategy had allocated a total of $2.04 billion to STRC buybacks as of the close of the third quarter. The outlet also referenced regulatory records concerning a Strategy acquisition, although the supplied coverage does not provide enough detail to describe that transaction. U.Today characterized the buybacks as artificial life support for STRC. The two outlets agree on the central claim and the 12% yield, but they differ in emphasis. Crypto Economy grounds its report in the $2.04 billion buyback allocation, while U.Today focuses more heavily on Schiff’s accusation that Strategy is propping up the preferred stock. The independently cross-checked 12% figure resolves the reported yield without a discrepancy. The broader yield market was already showing signs of contraction. DeFiLlama’s live yield-sector TVL stood at $104.31 million, down 11.3% over seven days. That measure covers the wider tracked yield market rather than confirming a specific amount tied to STRC, so it provides sector context for the pressure facing a yield-bearing product. Crypto markets were broadly lower as the development unfolded. Bitcoin traded at $74,653, down 1.56% over 24 hours and 3.21% over seven days, while total crypto market capitalization stood at $2.56 trillion and the Fear & Greed index registered 29, indicating a Fear reading. Future attention centers on Strategy’s additional buyback activity, STRC’s 12% yield and any change in the declining yield-sector TVL measure.