Strategy (MSTR) stock is down almost 60% over the last year, with a decline of over 40% year-to-date. Despite this, Strategy is still sitting on double-digit profits on its Bitcoin purchases, with a 16% gain on its BTC investments acquired at an average price of $74,430.

Over the last five years, Strategy shares are up by more than 500%, outpacing major tech stocks like Apple and Microsoft. Even on a shorter two-year horizon, Strategy stock is up by 226%, surpassing Apple and Microsoft.

Strategy acquired 8,178 BTC for $835.6 million on Nov. 17, boosting its total holdings to 649,870 BTC, worth nearly $56 billion. The purchase was a significant increase from its previous investments of 400-500 coins per week.

Crypto market-maker Wintermute highlighted stablecoins, ETFs, and digital asset treasuries as key sources of crypto liquidity, stating that liquidity inflow in all three areas has plateaued. Data from DefiLlama showed an 80% decline in DAT inflows from nearly $11 billion in September to about $2 billion in October.

Read more at Cointelegraph: MicroStrategy Stock Slumps While Its Bitcoin Strategy Stays Profitable