Economist Peter Schiff has criticized Strategy for its significant Bitcoin exposure, highlighting the company's 47.5% stock decline in 2025. Schiff argues that heavy reliance on Bitcoin can erode shareholder value during market downturns, comparing Strategy's performance unfavorably to the broader U.S. equity market. Schiff also questioned the investment strategy of Michael Saylor, Strategy's executive chairman, who has promoted Bitcoin as a superior corporate treasury asset. Schiff contends that Strategy's focus on Bitcoin has left shareholders vulnerable during unfavorable market conditions, as evidenced by the 2025 downturn. Despite recent Bitcoin purchases totaling $108.8 million, Schiff remains skeptical of Strategy's approach, noting that its reported 16% gain over five years translates to a modest annual return. His critique has reignited debate over the risks and benefits of corporate Bitcoin adoption.