Peter Schiff Criticizes Strategy's STRC Preferred Stock

Peter Schiff has expressed concerns about Strategy's STRC preferred stock, likening it to a Ponzi scheme. According to NS3.AI, Schiff argues that the company's software revenue is insufficient to meet the 11.5% annual dividend. He emphasized that the dividend is optional and not a legal requirement, cautioning that STRC holders might face a significant price decline if demand decreases, as they cannot redeem their shares.