MSTR Stock Posts Unbroken Losses From July to December 2025 Since BTC Treasury Adoption

MSTR stock has declined for six consecutive months, marking its longest losing streak since Strategy adopted Bitcoin as a treasury asset in August 2020. The rare pattern was highlighted by crypto analyst Chris Millas using monthly performance data shared on January 1.

In an X post, analyst Chris Millas pointed to the unusual pattern using a table of monthly returns. The data track Strategy’s stock performance from 2020 onward. They show uninterrupted declines from July through December 2025, a sequence not seen since the Bitcoin treasury strategy began.

Extended Selloff Breaks MSTR Stock Rebound Pattern

The monthly figures underline the scale of the decline. MSTR stock shares lost 16.78% in August and another 16.36% in October. Losses picked up speed in November, when the exchange rate fell 34.26%, and followed by a new decline of 14.24 percent in December.

Earlier cycles showed a different behavior. Sharp losses during previous drawdowns have sometimes been followed by strong rebounds. In the bear market of 2022, those declines were punctuated by rallies of more than 40% within a few months. No such rebound occurred in the second half of 2025.

Also Read: Bitcoin Strategy Halted: Beckham-Backed Prenetics Quits Buys, Holds 510 BTC

The lack of a recovery period is a definite divergence of the trend of the past trading. The statistics suggest a long-term selling pressure, as opposed to a temporary correction.

According to Google Finance, strategy shares closed at $151.95 on December 31. The stock declined 2.35% on the day. It is decreasing by 11.36% in the last one month, 59.30% in the last six months and by 49.35% over the last year.

Prediction Markets Flag MSCI Risk as MSTR Lags Bitcoin

Data from prediction markets shows increasing uncertainty about the stock. Polymarket indicates that 78% of traders believe Strategy will be dropped from the MSCI index by March 31. The prediction also sounds a caution about the index eligibility in the near term.

Source: Polymarket

Bitcoin has been a stronger performer over the same periods. According to CoinMarketCap data, as of press time, Bitcoin is trading at $87,782, up by 0.32% over the past 24 hours. The asset has fallen 5% over the last month, 27.36% over three months and 7% over the past year.

The divergence between Bitcoin and MSTR stock has widened despite continued accumulation. As TronWeekly reported that on December 29, Strategy acquired 1,229 BTC for about $108.8 million. The company currently owns 672,497 BTC, which it bought at a cost of a total of 50.44 billion at an average of $74,997 per Bitcoin.

Also Read: Strategy Inc. Acquired 1,229 BTC, Expanding Bitcoin Holdings to $50 Billion