Strategy Stock Falls for Eighth Consecutive Month, Market Cap Drops Nearly 75%

Continued Decline in Share Price

Following a 7% drop in February, Strategy's stock is on track for an eighth consecutive month of negative returns. Currently trading at around $141, the stock has fallen approximately 75% from its all-time high of $540 set in November 2024.

Poor Annual Performance

Throughout 2025, Strategy's stock has declined by 48%, marking its second-worst annual performance, only surpassed by the 75% drop seen in 2022.

Bitcoin Investment Outlook

As the largest publicly traded holder of Bitcoin, Strategy's market-neutral net asset value (mNAV) stands at 1.09, allowing the company to continue purchasing Bitcoin through stock sales. However, if share prices fall further and bring the mNAV below 1, the company may be forced to halt its Bitcoin buying program.