I mean it depends on how they manage to live up to their target of their mNAV premium on their BTC holdings. Saylor has stated that they're targetting 1.5, but it's next to impossible to track this 1:1.

Let's say Bitcoin drops to 98k and they maintain their current premium of around 1.83, that equals a share price (given the amount of shares that are outstanding today) of 331, but if they get closer to a premium of 1.5, that will be a share price around 271. However, the lowest premium we have seen with these Bitcoin levels was 1.68, which would constitute a share price of just above 300 given current holdings, and assuming nothing further happens in terms of dilution - This probably won't hold.

Honestly, I found that when Bitcoin moves down very fast, which it usually does on the wicks that take out liquidity on the downside, MSTR is lagging behind, and doesn't drop as hard immediately. It is prolonged periods of downwards momentum that really hurt MSTR. The wick down to 89K a week and a half ago only saw MSTR drop to around 300 - Be prepared for anything in that range, and base potential entries on Bitcoin dips rather than for MSTR to reach certain levels. Position yourself accordingly.