As February begins, Strategy (MSTR), the world’s largest publicly traded holder of bitcoin (BTC), is already down 7% and on track for an eighth consecutive monthly decline. The stock, currently trading near $141, is down roughly 75% from its November 2024 record high of around $540. The bulk of the decline has occurred since July, with seven straight negative months. By end-2025, the stock had fallen 48% for the year, its second-worst annual performance on record. The worst year remains 2022, when shares ...