The post Brandt Warns Bitcoin Could Dip Below Strategy’s Average Buy Price as MSTR’s mNAV Falls appeared com. Peter Brandt has raised the possibility that the Bitcoin price could drop below Strategy’s average purchase price. This comes amid the BTC crash below $100,000 while MSTR’s mNAV has also fallen below the value of the company’s BTC holdings. Brandt Predicts Bitcoin Could Drop To Below $50,000 The veteran trader stated in an X post that the downside target for BTC could be sub $50,000 if the recent violation of the parabolic advance is similar to previous events. This came as he questioned what price Michael Saylor’s Strategy could fall underwater with their BTC holdings, adding that the flagship crypto could test Saylor “severely.” Question: At what price is Michael Saylor underwater? Bitcoin could test him severely. If recent violation of the parabolic advance is similar to previous events the downside target could be sub $50s. This is NOT a prediction you pesty trolls pic. twitter. com/oCvgZQVGY4 Peter Brandt (@PeterLBrandt) November 13, 2025 Notably, a Bitcoin drop below $50,000 would put Strategy’s position underwater as the company’s current average purchase price for its BTC holdings is $74,079. Strategy just announced another purchase of 487 BTC for $49. 9 million, despite the market dip. Brandt’s prediction comes amid the BTC price crash below $100,000, with the flagship crypto currently trading at around $95,000. This has raised concerns that the market may be in a full-blown bear market. Thanks to the Bitcoin crash, Strategy’s stock has fallen below $200 and now has a market cap of $60 billion. As a result, MSTR’s mNAV is now below 1, with its market cap below the value of its BTC holdings, which is worth $61 billion at the current market price. The stock is also.