Strategy ( MSTR ) stock is set to end the month about 41% lower, its worst monthly performance since 2022, with one trading day remaining.
MSTR is on track to mark its 11th negative month out of the past 12. Shares traded as low as nearly $80 on Friday before rising more than 12% on Monday after the company announced its new capital management framework.
The stock hit an all-time high of $540 per share in November 2024 before a sustained decline began the following July, coinciding with the debut of its perennial favorite, STRC.
STRC is above common stock in the capital structure and therefore offered investors a lower volatility alternative to owning MSTR shares. At the same time, the need for continued issuance of common stock to help fund STRC’s dividend obligations heightened concerns about dilution, contributing to the stock’s prolonged underperformance.
Since STRC’s IPO, bitcoin has fallen by almost 50%, while MSTR has fallen by about 77%.
Meanwhile, bitcoin is on track to post its third consecutive negative quarter, falling 20% in June.
