Strategy Shares Register First Six-Month Losing Streak Since Adoption of Bitcoin Strategy in 2020
Strategy (MSTR) shares experienced a decline for six consecutive months through December 2025, marking the first six-month losing streak since the company adopted bitcoin as a treasury asset in August 2020. This six-month slide was characterized by its persistence, with no relief rallies observed in the second half of 2025.
As of December 31, 2025, Strategy stock closed at $151.95, down 2.35% on the day, 11.36% over the past month, 59.30% across six months, and 49.35% over the past year. In comparison, the Nasdaq 100 index rose 20.17% in 2025.
Meanwhile, bitcoin traded around $87,879 at noon ET on January 1, 2026, showing a 0.38% increase in the last 24 hours but declines of 5.06% over the past month, 27.36% over three months, and 9.65% over one year. As of December 28, Strategy held 672,497 BTC acquired for roughly $50.44 billion. The company announced the acquisition of 1,229 BTC on December 29 for about $108.8 million.
Analyst Chris Millas attributed the prolonged downward trend in the stock price to a more persistent repricing rather than a short-lived selloff.
