Strategy shares fall for a sixth straight month, first time since it began stockpiling Bitcoin

Shares of Strategy, the world’s largest corporate holder of Bitcoin (BTC), have reportedly declined for six consecutive months.

According to CoinDesk on the 1st (local time), Strategy’s monthly rate of change in its share price posted declines for six straight months from July through December last year. This marks the first time Strategy shares have fallen for six consecutive months since the company announced in 2020 that it would begin stockpiling Bitcoin.

Strategy’s annual share-price change for last year was tallied at -47.53%. CoinDesk said that “during the 2022 bear market, (Strategy shares) plunged sharply and then rebounded more than 40% within a few months,” adding that “the lack of a rebound in the second half of last year suggests the decline (in Strategy shares) reflects an ongoing price correction rather than short-term selling.”

More specifically, the steepest monthly drop came in November last year (-34.26%), followed by October (-16.36%), December (-14.24%), and September (-3.65%). CoinDesk noted that “Strategy shares fell 59.3% over the past six months,” while “Bitcoin held up relatively well over the same period.”

Meanwhile, Morgan Stanley Capital International (MSCI) plans to finalize on the 15th of this month whether to remove Strategy from its indexes. MSCI is known to have been discussing a potential index deletion with Strategy since the second half of last year.

Strategy is currently included in the MSCI USA and MSCI World indexes. U.S. digital-asset manager Bitwise recently assessed the likelihood of Strategy being removed from MSCI indexes at more than 75%.