Prominent investor Jason Calacanis believes that business intelligence firm Strategy (MSTR) should have a price target of $180 due to its high debt load. Calacanis also points out that the stock is in uncharted territory, as no one has previously purchased imaginary money using massive debt or cornered the market on Bitcoin at this level. Calacanis previously predicted that Strategy's Bitcoin bet would fail this year and that the company should be trading at a discount. As a result, MicroStrategy's shares have decreased by nearly 6%, and its market cap has shrunk to $71 billion. Bitcoin's price has also dropped below $90,000, reaching a low of $88,614. However, MicroStrategy is close to owning 500,000 BTC, with an average purchase price of $66,357 after its recent $2 billion purchase.



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