Technique (MSTR) shares fell in every of the ultimate six months of 2025, marking the primary such streak because the firm adopted bitcoin as a treasury asset in August 2020.
Six straight down months
Crypto analyst Chris Millas flagged the transfer in a Jan. 1 publish on X, sharing a desk of Technique’s month-to-month returns since 2020.
The information confirmed uninterrupted losses from July by way of December 2025, together with drops of 16.78% in August, 16.36% in October, 34.26% in November, and 14.24% in December.
Break from previous drawdown sample
Millas wrote in his publish:
“Technique shares have declined for six consecutive months for the primary time because the agency adopted bitcoin as a treasury asset in August 2020.”
The chart highlighted that whereas Technique has seen bigger single-month declines in prior cycles, these drawdowns had been typically adopted by sharp rebound months.
Underperformance versus bitcoin and Nasdaq
Technique closed Dec. 31 at $151.95, down 2.35% on the day, in line with Google Finance.
The inventory was down 11.36% over the previous month, 59.30% over six months, and 49.35% over the previous yr.
Bitcoin traded round $87,879 as of midday ET on Jan. 1, in line with CoinDesk Information, down 5.06% over the previous month and 9.65% over the previous yr.
Technique additionally lagged the Nasdaq 100, which rose 20.17% in 2025.
Shopping for continued
On Dec. 29, Govt Chairman Michael Saylor stated the agency purchased 1,229 BTC for about $108.8 million.
He added that as of Dec. 28, Technique held 672,497 BTC acquired for roughly $50.44 billion.
Technique’s bitcoin accumulation has made it one of many largest company holders tracked in public firm bitcoin treasuries, together with on Bitbo’s MicroStrategy holdings web page.