MSTR Stock Plunges Below $100, Analyst Warns of Possible $30 Crash

Strategy Inc.'s (NASDAQ:MSTR) stock broke below its weekly support at $100, prompting crypto analyst Ali Martinez to warn of a possible drop to $30. This represents around 70% downside from current prices.

The breakdown comes as Strategy unveiled new investor metrics, including the Net Bitcoin per Share metric. The old metric did not account for senior claims ahead of common shareholders, but the new metric calculates what common shareholders actually own after all debt obligations are stripped out.

Net Bitcoin per share currently sits at 143,000 SATs, up from 44,000 SATs at the end of 2020, a 23% compound annual growth rate (CAGR). In dollar terms, this is $95 per share today versus $13 in 2020, a 43% CAGR against Bitcoin's own 16% CAGR over the same period.

Strategy also raised its amplification ratio to 1.52, meaning its net Bitcoin per share moves about 1.52% for every 1% move in Bitcoin. The ratio magnifies gains when Bitcoin rises and deepens losses when it falls.