Trader Peter Brandt warned Bitcoin could “severely” test MicroStrategy and might fall to around $50,000 (he said this is not a prediction). MicroStrategy made its largest BTC purchase since September, raising its average purchase price to $74,079; the company stock fell 6% to $212 (~35% YTD). VC Jason Calacanis said MicroStrategy could go underwater but would not buy the stock. Co‑founder Michael Saylor said he’s unfazed, pointed to stronger industry fundamentals and urged investors to consider time horizon and volatility tolerance.

Brandt warned BTC could “severely” test MicroStrategy and might plunge to around $50,000; MicroStrategy’s average BTC purchase price is $74,079 after its largest buy since September and the stock fell 6% to $212 (~35% YTD). Jason Calacanis said the company could go underwater; Michael Saylor defended the strategy and cited stronger industry fundamentals.