Bitcoin (BTCUSD) has lost its spark lately, and that weakness has cast a long shadow over companies that loaded up on the cryptocurrency. No company feels that pressure more than Strategy (MSTR), which built its entire identity around buying Bitcoin. The company currently holds 843,775 bitcoins, making it the world's largest corporate Bitcoin treasury.
However, MSTR stock has endured eleven consecutive months of losses. Shares crashed from a 2-year high of $543, set on Nov. 21, 2024, to the upper $90s, wiping out 82% of their value. Meanwhile, the company's financial commitments have not changed much.
