
The Swedish bank extended its multi-quarter accumulation in the Bitcoin-linked stock even as Peter Schiff argued on July 16, 2026 that repeated MSTR share issuance is diluting common shareholders’ Bitcoin exposure.
Swedbank AB increased its holdings in Strategy Inc. by 8,278 shares to 90,590, extending a multi-quarter buildup in the Bitcoin-linked stock and underscoring continued institutional use of Strategy shares as a regulated route to digital-asset exposure. The latest filing follows earlier disclosed holdings of 79,144 shares in November 2025 and 82,312 shares by May 2026 after an additional 2,852-share purchase. The update came as Peter Schiff renewed criticism of Strategy’s capital structure in a July 16, 2026 X post, arguing that continued share issuance is reducing the Bitcoin backing per common share and that MSTR no longer offers the leveraged Bitcoin exposure many investors expect. Schiff also pointed to rising obligations tied to preferred securities, while supporters of Strategy’s treasury model maintain that long-term Bitcoin accumulation can outweigh near-term dilution. The juxtaposition highlights an active market debate over whether MSTR remains an effective Bitcoin proxy even as institutional investors such as Swedbank continue adding to the stock.