Strategy has continued adding Bitcoin despite Peter Schiff’s argument that the company can no longer use its Stretch (STRC) preferred-stock issuance program to fund purchases. Schiff said on his October 2 podcast that STRC had recovered to about $99.4 from roughly $75 earlier this year, crediting weekly buybacks and Bitcoin’s rally, while acknowledging the rebound surprised him. He said the rally may have restored confidence or prompted short covering, but argued Strategy lacks the machinery to buy more Bitcoin through new STRC issuance. Strategy last sold STRC through its at-the-market program between May 11 and 17, raising about $1.95 billion, and its remaining capacity has stayed near $17.51 billion since. After pausing Bitcoin purchases for 10 weeks over the summer, the company resumed in late August using MSTR common-stock sales and its USD Cash account. Strategy also used $103.5 million from MSTR sales to repurchase STRC between September 21 and 27, while holding a $5.02 billion USD Reserve for preferred dividends and debt interest. Executive Chairman Michael Saylor highlighted STRC’s 30-day historical volatility of 9% as of October 2, below the 10% reading for SPY. Schiff expects Bitcoin to weaken if technology stocks pull back, while Strategy’s next Monday filing will show whether common-stock sales continue funding its purchases.