MicroStrategy (Strategy) released its Q4 2025 earnings report and, along with it, disclosed an extreme downside scenario that would begin to strain its Bitcoin treasury model. The CEO’s remarks provided rare insight into how far the market could fall before the company’s capital structure comes under serious pressure. MicroStrategy Finally Reveals What Would Be Its Breaking Point as Bitcoin Price Drops During its latest earnings discussion, MicroStrategy CEO Phong Le said that a 90% decline in Bitcoin’s ...

Key Takeaways Michael Burry warned that a Bitcoin drop below $70,000 could unlock “sickening scenarios,” including forced selling and firm failures. Burry argued large corporate Bitcoin holders could face tightening funding conditions as losses deepen. He also suggested crypto-driven liquidations may have contributed to sharp moves in precious-metals markets, including tokenized metals products. Michael Burry, the investor known for betting against the U.S. housing market ahead of the 2008 crisis, ...