Strategy (MSTR) shares slide toward eighth straight monthly decline
Strategy (MSTR) stock is down 7% in February, heading for an eighth consecutive monthly decline.Summary
Strategy (MSTR), the largest publicly traded bitcoin holder, is facing its eighth straight monthly decline, starting February down 7% and trading near $141, significantly off its November 2024 peak of $540. The stock fell 48% in 2025, marking its second-worst annual performance since adopting its bitcoin treasury strategy, though 2022 remains the worst year with a 75% drop. This underperformance contrasts with bitcoin's roughly 40% drop from its all-time high, creating a performance gap. Despite the slide, Strategy's multiple to net asset value (mNAV) remains above 1.0 at 1.09, allowing it to continue buying bitcoin via stock offerings; however, further stock drops could necessitate smaller purchases or even a pause if mNAV falls below 1.
(Source：CoinDesk)