Strategy Faces Eleventh Losing Month as Bitcoin Weakness Persists
Strategy (MSTR) stock is poised to record its eleventh losing month out of the last twelve, declining approximately 41% in June, according to CoinDesk. Since the launch of its perpetual preferred security, STRC, in July 2025, MSTR has notably underperformed Bitcoin, which also continues to struggle.
Strategy (MSTR) stock is on track to end June 2026 down around 41%, marking its worst monthly performance since 2022. This decline puts MSTR on course to record its eleventh negative month in the past twelve. The stock's struggles are evident, with shares reaching as low as nearly $80 before gaining more than 12% following the announcement of a new capital management framework.
Since the launch of its perpetual preferred security, STRC, in July 2025, MSTR has significantly lagged behind Bitcoin's performance. STRC, which offers investors a lower volatility investment option, sits above common stock in Strategy's capital structure. However, the need for ongoing issuance of common stock to meet STRC's dividend obligations has raised concerns about dilution, contributing to the stock's continued underperformance.
During this same period, Bitcoin has undergone a notable decline, dropping nearly 50% since STRC's IPO. Currently, Bitcoin is set to finish June with a decrease of 20%, marking its third consecutive negative quarter. The ongoing weakness in Bitcoin prices is playing a significant role in the challenges faced by Strategy's stock performance.
Overall, the market is actively monitoring the interplay between STRC, MSTR, and Bitcoin as they navigate these turbulent financial conditions, with significant implications for investor sentiment and capital strategies.
Summary based on original reporting by James Van Straten at CoinDesk, originally published Jun 30, 2026. SolanaWire does not republish source content.
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