Peter Schiff, a prominent financial commentator, has called for the U.S. Securities and Exchange Commission (SEC) to investigate Michael Saylor over statements regarding STRC perpetual preferred shares. Schiff alleges that Saylor's comments misrepresent STRC as a low-risk investment suitable for retirees, which he argues violates SEC marketing and anti-fraud regulations. Schiff claims STRC is a high-risk instrument akin to a Ponzi scheme. Critics argue that STRC's reliance on new buyer inflows and lack of profits could lead to investor lawsuits. Despite these concerns, the company has shown growth, with STRC's price stabilizing at $100 after recent volatility. The firm reportedly absorbed 322 bitcoins in a single day, highlighting its market activity amid ongoing debates over its business model.