Story perspectives

MicroStrategy's Stock Plummets 66% Amid Bitcoin Volatility

1/3/2026

Summary

Story summary

MicroStrategy, now known as Strategy, saw its stock drop 66% from the July 2025 peak.
Strategy remains the largest corporate holder of Bitcoin (BTC), with 672,497 BTC valued at $50.4 billion under Michael Saylor.
Analysts expect a multibillion-dollar loss for Q4 2025, following the 2% stock rise after the dividend announcement.
Concerns about MSCI index removal and ongoing shareholder dilution heighten bearish sentiment and link Strategy’s performance to Bitcoin moves.

History

Historical Context

In August 2020, MicroStrategy, co-founded by Michael Saylor, made a landmark decision by investing $250 million in Bitcoin, signaling a shift in corporate attitudes towards cryptocurrency. By December 2020, the company had amassed over 70,000 BTC, valued at $1.125 billion. However, recent stock volatility and concerns over MSCI index removal raise questions about the sustainability of corporate cryptocurrency strategies.

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Story summary

MicroStrategy, now known as Strategy, saw its stock drop 66% from the July 2025 peak.
Strategy remains the largest corporate holder of Bitcoin (BTC), with 672,497 BTC valued at $50.4 billion under Michael Saylor.
Analysts expect a multibillion-dollar loss for Q4 2025, following the 2% stock rise after the dividend announcement.
Concerns about MSCI index removal and ongoing shareholder dilution heighten bearish sentiment and link Strategy’s performance to Bitcoin moves.

1 / 2