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Bitcoin's fall intensifies the plight of encryption treasury companies, with MicroStrategy's stock price having fallen 34% this year.
ChainCatcher news, Bitcoin price has dropped below the 110,000 USD support level. Peter Schiff warns that crypto assets treasury companies like MicroStrategy are facing a "brutal bear market", raising questions about the sustainability of their business model. MicroStrategy is known as the "Bitcoin shadow stock" due to its large holdings of Bitcoin, with its stock price closely related to Bitcoin prices. Despite the weak Bitcoin price, MicroStrategy continues to increase its Bitcoin holdings, recently purchasing another 850 coins, which has exacerbated its financial risks due to the falling Bitcoin price. BiyaPay analysts warn that if MicroStrategy's stock price fails to hold the current support level, it may further dip to 240 USD, facing greater risks. BiyaPay offers zero transaction fee trading for spot, contracts, and USDT trading of US stocks and Hong Kong stocks, providing users with more choices and helping to reduce transaction costs. In times of market turmoil, we remind investors to follow the risks of crypto assets and consider diversified investment strategies.