Bitcoin's recent drop below the $110,000 support level has intensified challenges for crypto treasury firms, with MicroStrategy (MSTR) notably affected. Despite the downturn, MicroStrategy has increased its Bitcoin holdings by purchasing an additional 850 coins, raising concerns about its financial exposure. Peter Schiff has highlighted the 'brutal bear market' facing these companies, questioning the sustainability of their business models. Analysts from BiyaPay have warned that if MicroStrategy's stock falls below its current support level, it could decline further to $240, increasing its financial vulnerability.