Woofun AI reports that Brad Garlinghouse, CEO of Ripple, publicly criticized Michael Saylor and Strategy for their Bitcoin accumulation strategy during a CNBC interview. Garlinghouse argued that this approach harms the market by prioritizing financial engineering over practical utility. He noted that Strategy's perpetual preferred stock trades at a 25% discount to its $100 face value, suggesting that using proceeds to buy Bitcoin fails to create long-term value. Garlinghouse contrasted this with Ripple's focus on building real-world payment infrastructure rather than relying on leverage.