Strategy Set for 11th Loss in 12 Months as Bitcoin Slump Persists

Strategy (MSTR) shares have fallen about 41% in June.

With only one trading day left in the month, the stock is set to finish down roughly 41%, its weakest monthly performance since 2022.

MSTR is also on track to record its 11th losing month in the past 12. The stock briefly dropped to nearly $80 on Friday before rebounding more than 12% on Monday after the company announced a new capital management framework.

Shares reached an all-time high of $540 in November 2024, but began a sustained decline the following July, around the time the company introduced its perpetual preferred security, STRC.

STRC sits higher in the capital structure than common equity, giving investors a lower-volatility alternative to MSTR. However, the continued issuance of common shares to support STRC dividend payments has raised dilution concerns, adding pressure to the stock’s prolonged downturn.

Since STRC’s IPO, bitcoin (BTC) has declined nearly 50%, while MSTR has dropped about 77%.

At the same time, bitcoin is headed for its third consecutive negative quarter and is down roughly 20% so far in June.