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NYSE:STRC 3 February 2026 - 18 June 2026

Bitcoin slips under Strategy’s break-even, pushing MSTR toward an eighth straight monthly drop

Bitcoin slips under Strategy’s break-even, pushing MSTR toward an eighth straight monthly drop

Strategy shares fell this week as bitcoin approached a price that puts the company’s massive holdings just shy of break-even. This drop sparked fresh questions about how much further the company can continue buying. The selloff is significant because Strategy acts as a stock-market stand-in for bitcoin, often showing bigger swings than the cryptocurrency itself. CoinDesk reported the stock has dropped for seven months running and currently trades at an mNAV multiple near 1.09 — a quick way to compare its equity value against the worth of its bitcoin holdings. When that multiple nears 1, it becomes tougher and more dilutive to raise new equity.

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