Core Viewpoint - Strategy Inc. is under scrutiny for its continued Bitcoin purchases despite trading below the value of its crypto holdings, raising questions about shareholder value maximization [1][2][3]. Group 1: Shareholder Concerns - Peter Schiff criticized Strategy's strategy of buying Bitcoin, suggesting that selling some Bitcoin to repurchase shares would enhance shareholder value by increasing Bitcoin ownership per share [2]. - Schiff's comments highlight a long-standing debate regarding the company's treasury strategy and its focus on Bitcoin over equity value [3]. Group 2: Company Strategy - Michael Saylor, the company's leader, defends the Bitcoin-first strategy, emphasizing long-term accumulation rather than short-term equity optimization [4]. - Strategy has maintained its position as the largest corporate holder of Bitcoin, continuing purchases through market fluctuations [5]. Group 3: Quantum Computing Controversy - Saylor's recent comments on Bitcoin's potential response to quantum computing threats have sparked controversy, suggesting a hard fork to enhance security [6][7]. - The proposed changes have faced backlash from developers and users concerned about technical risks and governance issues, indicating a divide in the Bitcoin community [7]. Group 4: Market Perception - The ongoing debate reflects a division between Bitcoin maximalists and critics, with differing views on capital allocation efficiency versus Bitcoin's long-term value [8]. - It remains uncertain whether the discount on Strategy's stock is due to market skepticism regarding leverage and execution risk or a lag in response to Bitcoin's price movements [8].