Strategy’s (NASDAQ: $MSTR) stock is headed for its eleventh consecutive month of losses as the price of Bitcoin (CRYPTO: $BTC) continues to decline.
Heading into June 30, Strategy’s stock is down 44% on the month, its worst performance since 2022
In the last 12 months, MSTR stock has fallen 79% to trade at $84.32 U.S. a share. The stock reached an all-time high of $540 U.S. per share in November 2024 before a sustained decline took hold. More From Cryptoprowl: In recent weeks, Strategy’s main stock has dropped as investors grow increasingly concerned about the company’s Bitcoin acquisition strategy and its preferred stock (NASDAQ: $STRC).
The need for Bitcoin sales and the continued issuance of common stock to help fund STRC’s bi-monthly dividend that yields 12% has raised dilution concerns among investors. At the same time, Bitcoin’s price has decreased by almost 50% since last October and is trading at $58,400 U.S. on June 30. Bitcoin is on track to post its third consecutive negative quarter and has fallen 20% in June alone, further pressuring Strategy’s stock.