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Peter Schiff rebuts Michael Saylor\'s $1 million bitcoin call

Strategy bought an additional 3,273 bitcoin, taking its total holdings to 818,334, as bitcoin traded around $77,850. The company said it spent about $255 million at an average price of $77,906 per coin, funded by a share sale program. Economist and bitcoin skeptic Peter Schiff criticised Michael Saylor’s view that bitcoin could reach $1 million if the firm amassed 5 percent of supply, and warned about funding risks tied to STRC.