Strategy stock is bleeding, but Saylor ‘won’t back down’ from Bitcoin bet

Despite a steep drop in its share price, Strategy’s Bitcoin stack is in the green and it continues to outperform top tech equities over time.

Bitcoin investor Strategy is facing a rough stretch this year, prompting speculation that its high-conviction Bitcoin play is coming undone. A look beyond the one-year chart tells a different story.

Google Finance data shows that Strategy (MSTR) stock is down almost 60% over the last year, and has declined by over 40% year-to-date (YTD). The stock traded near $300 in October, before dropping to about $170 at the time of writing.

While some interpret this as its Bitcoin model being “exposed,” Strategy is still sitting on double-digit profits on its Bitcoin purchases, and its long-term equity performance continues to outpace major tech stocks. 

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