# Peter Schiff Calls Strategy’s STRC 'Dead'

> Economist Peter Schiff labels Strategy’s STRC preferred stock 'dead' as buybacks continue.
- Title: Peter Schiff Calls Strategy’s STRC 'Dead' · TokenPost
- Summary: Economist Peter Schiff labels Strategy’s STRC preferred stock 'dead' as buybacks continue.
- Keywords: strategy, strc, peter schiff, preferred stock, buybacks, dividend, mstr, cash reserves, crypto, TokenPost
- Source: TokenPost — https://tokenpost.com/news/business/53166
- Published: 2026-11-10T15:01:43+00:00
- Read time: 1 min
- Topics: strategy, strc, peter schiff, preferred stock, buybacks, dividend, mstr, cash reserves, crypto, finance
## Peter Schiff calls STRC 'dead'
Economist Peter Schiff declared Strategy’s STRC preferred stock 'dead' on Nov. 9, challenging its use of buybacks to support trading near $100.

> dead
## Strategy buys 1.88m STRC shares
Strategy bought 1,887,464 shares for $188.3 million during Nov. 2, 8, funding purchases with MSTR sales proceeds.
## STRC trading near $100 target
STRC is Strategy’s variable-rate perpetual preferred stock with a 12% annualized dividend rate on its $100 stated amount.
## Key takeaway

Economist Peter Schiff says Strategy’s STRC preferred stock is dead after buybacks continue to fund its $100 target.