Cryptocurrency Stock at 12-Month Lows as Bitcoin Sinks

Group 1 - Bitcoin (BTC) has experienced a significant decline of nearly 20% in the last 30 days, recently breaching the $100,000 mark for the first time since May [1] - Strategy Inc (NASDAQ:MSTR) has also faced challenges, with its stock down 3.5% to $222.57, and it has reached its lowest level in 12 months, down 24% in 2025 [1][2] - MSTR shares are on track for a fifth consecutive weekly loss, having broken through a downtrend channel from their July highs [2] Group 2 - There is potential for downgrades that could further pressure MSTR's equity, with 13 out of 15 brokerages maintaining "buy" or better ratings, and a consensus 12-month price target of $513.40, representing a 125.4% premium to its current price [4] - The rate of put buying for MSTR has increased recently, with a 10-day put/call ratio of 0.68, placing it in the 89th percentile of annual readings [4] - Options for MSTR are currently considered affordable, as indicated by a Schaeffer's Volatility Index (SVI) of 73%, which ranks in the 14th percentile of its annual range [5]