MSTR Has Lost 62% in a Year and Bitcoin Is Still Below Its Buy Price

Core Insights - MicroStrategy (MSTR) has experienced a significant decline in stock value, losing 62.66% over the past year and 28.22% in the last month, primarily due to the drop in Bitcoin prices [1] - The company holds 713,502 bitcoins with a cost basis of $76,052 per coin, while Bitcoin is currently trading at $68,840, indicating that the company is underwater on its investment [1] - MicroStrategy reported a net loss of $12.44 billion for Q4 2025, driven by $17.44 billion in unrealized losses on digital assets [1] Company Performance - MicroStrategy's stock price fell from $173.71 a month ago to $125.20, reflecting a 27.93% decline that mirrors Bitcoin's struggles [1] - The company's substantial Bitcoin holdings are valued at $59.75 billion against a cost basis of $54.26 billion, indicating a precarious financial position [1] - The bearish sentiment surrounding the stock is reflected in a Reddit sentiment score of 34.76 for the week and 28.53 for the month, with discussions turning skeptical about the company's strategy [1] Market Sentiment - Despite the negative sentiment, Wall Street analysts remain optimistic, with eight out of thirteen rating the stock as a "Strong Buy" and a consensus price target of $369.08, suggesting a potential upside of 196% from current levels [1] - The company has raised $25.3 billion in capital during 2025 to fund its Bitcoin purchases, making it the largest U.S. equity issuer for the second consecutive year [1] - CEO Phong Le is focused on expanding the STRC preferred stock program to drive Bitcoin-per-share growth, maintaining that current market weakness is temporary [1]