According to U.Today, MicroStrategy has announced the acquisition of an additional 169 BTC over the past month. This brings the combined Bitcoin holdings of MicroStrategy and BlackRock's Bitcoin ETF, IBIT, to approximately 569,000 BTC, valued at around $36 billion. As of now, MicroStrategy owns 226,500 BTC, worth about $15.06 billion, while the IBIT ETF holds 343,387.46 BTC, valued at approximately $21.7 billion.

Peter Schiff, a well-known crypto skeptic, has expressed concerns regarding the substantial Bitcoin portfolios held by these two market giants. Schiff suggests that both companies might be compelled to sell their Bitcoin holdings. He speculates that MicroStrategy could face pressure from creditors to liquidate its crypto assets, while BlackRock's IBIT ETF might be forced to sell if investors decide to exit to mitigate their losses.

Schiff's skepticism is rooted in his belief that Bitcoin is ultimately worthless. He points to a recent example in Germany, where the sale of a $3 billion stake by an administrative body led to a 20% drop in Bitcoin's price within a month. The potential impact of a similar sell-off by MicroStrategy and BlackRock, whose combined holdings are significantly larger, remains uncertain.