Strategy (MSTR) stock will end the month down about 41%, its worst monthly performance since 2022, with one trading day left.
MSTR is on track to mark its 11th negative month in the last 12. Shares traded as low as nearly $80 on Friday before rising more than 12% on Monday following the company’s announcement of its new capital management framework.
The stock reached an all-time high of $540 per share in November 2024, before it began a sustained decline the following July, coinciding with the debut of its perpetual preferred stock, STRC.
STRC sits above common stock in the capital structure and therefore offered investors a lower volatility alternative to owning MSTR stock. At the same time, the need to continue issuing common stock to help fund STRC’s dividend obligations increased concerns about dilution, contributing to the stock’s prolonged underperformance.
Since STRC’s IPO, bitcoin has fallen by almost 50%, while MSTR has declined by approximately 77%.
Meanwhile, bitcoin is on track to record its third consecutive negative quarter and has fallen 20% in June.
