Strategy Inc. (MSTR) shares have dropped 59.7% in the past year, underperforming the Finance sector’s 10.4% growth and the Financial – Miscellaneous Services industry’s 24.4% decline. MSTR also lags behind peers like Hut 8 Corp. (HUT) and Riot Platforms (RIOT), partly due to its highly leveraged model and sensitivity to Bitcoin market swings.

MSTR’s technical indicators show weakness, with the stock trading below both its 50-day and 200-day SMAs, indicating sustained bearish momentum. The company’s financial stability is a concern for investors, leading to limited near-term upside potential and broader worries about its leverage and competition.

Despite its recent decline, MSTR’s massive Bitcoin treasury remains a strength, with 717,131 bitcoins held as of Feb. 17, 2026, making it the largest corporate holder globally. The treasury’s consistent growth strategy highlights long-term conviction, strengthening the balance sheet and positioning MSTR as a key player in the Bitcoin market.

MSTR’s varied capital platform, which raised $25.3 billion in 2025, supports long-term growth by funding Bitcoin acquisitions and strengthening the balance sheet. The company’s multi-channel capital strategy enhances liquidity, sustains Bitcoin accumulation, and creates long-term shareholder value, positioning MSTR as a significant player in the industry.

With a $60 billion BTC reserve and conservative leverage, MSTR offers shareholder security and long-term dividend sustainability. The company’s strong balance sheet and BTC-per-share growth support a premium valuation, indicating confidence in its ability to maintain treasury expansion and long-term durability in the market.

Read more at Nasdaq: MSTR Stock Plunges 60% in a Year: Why the Dip Signals a Buying Chance