Reasons to Hold MSTR Stock Despite a 50% Decline in 3 Months
Strategy MSTR, the world’s largest corporate Bitcoin holder, has seen its shares tumble 49.7% over the past three months, sharply underperforming the Zacks Finance sector’s growth of 1.4% and the Zacks Financial- Miscellaneous Services industry’s decline of 12.9%.
The underperformance can be attributed to Bitcoin price volatility, as fair-value accounting ties earnings closely to Bitcoin movements. In addition, compression in the mNAV multiple has further pressured the stock even as Bitcoin exposure increased.
MSTR stock has also underperformed relative to competitors, including CleanSpark CLSK, Riot Platforms RIOT and MARA Holdings MARA. Over the…
