The latest dip has only accelerated a recent tailspin for Strategy's common shares, which are down about 20% in the last week and more than 38% over the past month.
According to Yahoo Finance historical data, the last time MSTR traded under $100 was on March 1, 2024, when Bitcoin was trading for roughly the same price it is now—in the $61,000 to $62,000 range.
Both MSTR and Bitcoin have spiked and then fallen substantially since then. Strategy shares peaked above $400 in 2025 as Bitcoin was flying high in the wake of President Donald Trump's more crypto-friendly policies, and the optimism that sparked among crypto traders.
As the top corporate Bitcoin holder and the inventor of the crypto treasury model that spread to other coins last year, Strategy's own moves have helped boost BTC during bullish times—and have arguably also dampened enthusiasm amid bearish swings.
While designed to trade near $100, STRC fell to a low of $82.53 last week, and is falling again Wednesday. As of this writing, STRC is trading hands at $84.35, down 3.4% on the day.
