Strategy (MSTR) shares have dropped about 41% in June and are on track to close the month with a similar decline, marking their weakest monthly performance since 2022, with just one trading session left.
The stock is also set to record its 11th losing month in the past 12. On Friday, shares briefly fell to nearly $80 before rebounding more than 12% on Monday after the company unveiled a new capital management framework.
MSTR previously hit an all-time high of $540 in November 2024, before entering a sustained downtrend that began the following July, around the time it introduced its perpetual preferred security, STRC.
Positioned above common equity in the capital structure, STRC was designed to offer investors a lower-volatility way to gain exposure compared with MSTR shares. However, ongoing issuance of common stock to support STRC dividend payments has heightened dilution concerns, weighing on the stock’s performance.
Since STRC’s launch, Bitcoin has declined by nearly 50%, while MSTR has fallen roughly 77%.
At the same time, Bitcoin is heading toward its third straight negative quarter and is down about 20% in June alone.
