Strategy (MSTR) Stock Plunges 41% in June, Underperforming Bitcoin Since STRC Debut
Strategy (MSTR) stock is set to end June approximately 41% lower, marking its worst monthly performance since 2022 and the 11th negative month in the last 12. Shares hit nearly $80 on Friday before rallying over 12% on Monday after the company announced a new capital management framework. The stock peaked at $540 in November 2024 but began a sustained decline in July 2025, coinciding with the debut of its perpetual preferred security, STRC. STRC, which sits above common stock in the capital structure, offered lower volatility but raised dilution concerns due to continued common stock issuance to fund dividend obligations. Since STRC's IPO, bitcoin has fallen nearly 50%, while MSTR has declined approximately 77%, significantly underperforming bitcoin.
Key facts
- MSTR stock down ~41% in June, worst month since 2022, 11th negative month in 12.
- Shares hit ~$80 before rallying 12% on capital management framework announcement.
- Stock peaked at $540 in Nov 2024, declined since STRC perpetual preferred debut in July 2025.
- STRC's dividend obligations fueled dilution concerns via common stock issuance.
- Since STRC IPO, MSTR fell ~77% vs bitcoin's ~50% decline.