The latest Bitcoin market downturn is putting Michael Saylor and MicroStrategy under intense scrutiny as price action nears their average entry point. With Bitcoin trading near $78,000, the company’s massive stockpile is on the verge of slipping into the red.
MicroStrategy currently holds 713,502 BTC acquired at an average price of approximately $76,000 per coin. The narrow margin between the current market price and their cost basis has triggered a wave of analyst concern regarding the company’s aggressive treasury strategy.
The contagion is spreading across crypto-linked equities with Coinbase, Circle, and BitMine Immersion all sliding more than 3% in Monday trading. While Saylor remains publicly defiant with “Long Run” messaging, some analysts warn that a drop toward $40,000 remains a distinct possibility if support levels fail to hold.
