{"id":4975,"date":"2026-02-06T11:37:21","date_gmt":"2026-02-06T03:37:21","guid":{"rendered":"https:\/\/blog.tapbit.com\/?p=4975"},"modified":"2026-02-06T11:37:21","modified_gmt":"2026-02-06T03:37:21","slug":"microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update","status":"publish","type":"post","link":"https:\/\/blog.tapbit.com\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\/","title":{"rendered":"MicroStrategy (MSTR) Stock Crashes 75%+ Since 2024 Peak: Bitcoin Strategy Exposed \u2013 2026 Update"},"content":{"rendered":"\n<p><strong>Published &amp; Updated: February 6, 2026<\/strong> | Tapbit Bitcoin Treasury &amp; Corporate Crypto Desk<\/p>\n\n\n\n<p>MicroStrategy \u2014 now officially rebranded as Strategy Inc (NASDAQ: MSTR) \u2014 has seen its stock price collapse more than 75% from its November 2024 peak above $540, trading near $107 in early February 2026. The decline mirrors <a href=\"https:\/\/www.tapbit.com\/en\/spot\/BTC-USDT\">Bitcoin<\/a>\u2019s own correction from cycle highs near $126,000 to the low-to-mid $70,000s, turning the world\u2019s largest corporate Bitcoin holder into one of the most volatile equities on the market.<\/p>\n\n\n\n<p>Strategy holds approximately 673,783 BTC (latest public filings &amp; on-chain estimates as of early February 2026), acquired at an average price of roughly $75,000\u2013$76,000 per coin. While the Bitcoin treasury remains the company\u2019s core asset, mark-to-market accounting has produced staggering unrealized losses \u2014 $17.44 billion in Q4 2025 alone \u2014 reversing prior gains and exposing shareholders to extreme volatility. This article dissects the timeline of the stock\u2019s decline, the mechanics of the Bitcoin treasury strategy, why it has amplified losses, key risks, and realistic scenarios for recovery in 2026.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.tapbit.com\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\/#MSTR_Stock_Decline_Timeline_%E2%80%93_From_Peak_to_Present\" >MSTR Stock Decline Timeline \u2013 From Peak to Present<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.tapbit.com\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\/#MicroStrategys_Bitcoin_Treasury_Strategy_%E2%80%93_How_It_Works\" >MicroStrategy\u2019s Bitcoin Treasury Strategy \u2013 How It Works<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blog.tapbit.com\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\/#Unrealized_Losses_Financial_Impact\" >Unrealized Losses &amp; Financial Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blog.tapbit.com\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\/#Why_the_Strategy_Has_Faltered_in_2026\" >Why the Strategy Has Faltered in 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blog.tapbit.com\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\/#Trading_Positioning_Considerations_on_Tapbit\" >Trading &amp; Positioning Considerations on Tapbit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blog.tapbit.com\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\/#FAQs_%E2%80%93_MicroStrategy_MSTR_Stock_Crash_2026\" >FAQs \u2013 MicroStrategy (MSTR) Stock Crash 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/blog.tapbit.com\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\/#Conclusion_2026_Outlook\" >Conclusion &amp; 2026 Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MSTR_Stock_Decline_Timeline_%E2%80%93_From_Peak_to_Present\"><\/span>MSTR Stock Decline Timeline \u2013 From Peak to Present<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period<\/th><th>MSTR Price Range<\/th><th>Change<\/th><th>Key Driver \/ BTC Context<\/th><\/tr><\/thead><tbody><tr><td>Nov 2024 Peak<\/td><td>$540+<\/td><td>\u2014<\/td><td>BTC near $108K\u2013$126K cycle high<\/td><\/tr><tr><td>Q4 2025<\/td><td>$540 \u2192 ~$250\u2013$300<\/td><td>\u201345\u201355%<\/td><td>BTC corrects to ~$94K\u2013$100K; ETF outflows begin<\/td><\/tr><tr><td>Jan\u2013Feb 2026<\/td><td>$250\u2013$300 \u2192 ~$107<\/td><td>\u201355\u201365% further<\/td><td>BTC tests $72K; Bessent testimony removes bailout hope<\/td><\/tr><tr><td>YTD 2025 Total<\/td><td>\u201348%+ (on average)<\/td><td>\u2014<\/td><td>Amplified BTC \u201327% YTD move via leverage &amp; premium compression<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MicroStrategys_Bitcoin_Treasury_Strategy_%E2%80%93_How_It_Works\"><\/span>MicroStrategy\u2019s Bitcoin Treasury Strategy \u2013 How It Works<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Since 2020, Strategy Inc (formerly MicroStrategy) has transformed from a business intelligence software company into the world\u2019s largest corporate Bitcoin holder through a highly leveraged accumulation strategy:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Funding mechanisms<\/strong>: At-the-market (ATM) equity offerings, convertible senior notes, preferred stock issuances, and low-cost debt<\/li>\n\n\n\n<li><strong>Holdings<\/strong>: ~673,783 BTC (early February 2026 estimate), ~3.2\u20133.4% of total Bitcoin supply<\/li>\n\n\n\n<li><strong>Average acquisition cost<\/strong>: ~$75,000\u2013$76,000 per BTC (blended across all purchases)<\/li>\n\n\n\n<li><strong>Current mark-to-market value<\/strong>: ~$62\u2013$65 billion at BTC ~$93,000 (early Feb 2026 prices)<\/li>\n\n\n\n<li><strong>Cash buffer<\/strong>: ~$2.25 billion USD cash reserves to cover interest, dividends, and operations<\/li>\n<\/ul>\n\n\n\n<p>This structure creates a **high-beta Bitcoin proxy**: when BTC rises, MSTR tends to outperform significantly due to the embedded leverage and NAV premium; when BTC falls, the premium compresses and leverage works in reverse, producing outsized losses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Unrealized_Losses_Financial_Impact\"><\/span>Unrealized Losses &amp; Financial Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Mark-to-market accounting has produced massive swings:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Q4 2025 unrealized loss<\/strong>: $17.44 billion (reversing Q3 gain of ~$3.9B)<\/li>\n\n\n\n<li><strong>Full-year 2025 net loss<\/strong>: ~$5.4 billion, partially offset by ~$1.55B in tax benefits<\/li>\n\n\n\n<li><strong>Current NAV premium<\/strong>: MSTR trades at roughly 1.09\u00d7 its Bitcoin holdings value \u2014 near the low end of historical ranges (often 1.5\u20133\u00d7 during bull phases)<\/li>\n<\/ul>\n\n\n\n<p>While the Bitcoin treasury remains the dominant driver of enterprise value, the legacy software business now contributes minimally to cash flow, making the equity function primarily as a leveraged BTC vehicle.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_the_Strategy_Has_Faltered_in_2026\"><\/span>Why the Strategy Has Faltered in 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Several factors have exposed vulnerabilities in the model:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BTC price correction<\/strong> \u2014 Bitcoin\u2019s ~27% YTD decline (from $100K+ average to ~$73K) has pushed average cost basis underwater for many later purchases<\/li>\n\n\n\n<li><strong>Dilution from equity raises<\/strong> \u2014 ATM offerings at depressed prices are highly dilutive when the stock is falling<\/li>\n\n\n\n<li><strong>No cash yield from BTC<\/strong> \u2014 Debt service and preferred dividends are paid in USD, while the primary asset (Bitcoin) generates no income<\/li>\n\n\n\n<li><strong>Sentiment &amp; positioning<\/strong> \u2014 High short interest (~10%) and tactical traders amplify volatility<\/li>\n<\/ul>\n\n\n\n<p>If Bitcoin sustains weakness below $75,000, further dilution, credit rating pressure (S&amp;P at B-minus), or forced sales could materialize \u2014 though the company\u2019s cash buffer and low debt-service burden reduce immediate liquidation risk.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trading_Positioning_Considerations_on_Tapbit\"><\/span>Trading &amp; Positioning Considerations on Tapbit<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.tapbit.com\/register\">Sign Up on Tapbit<\/a> (0% maker fees)<\/li>\n\n\n\n<li>Deposit USDT via bank transfer \/ P2P<\/li>\n\n\n\n<li><strong>Cleaner BTC proxy<\/strong>: Long BTC\/USDT perpetuals (isolated margin, 20\u201350x leverage) to capture Bitcoin upside without corporate dilution or financing risk<\/li>\n\n\n\n<li><strong>Capitulation accumulation<\/strong>: DCA BTC\/USDT on pullbacks to $72k\u2013$74k exhaustion zones<\/li>\n\n\n\n<li><strong>Risk-off hedge<\/strong>: Long XAU\/USDT perpetuals during macro\/geopolitical uncertainty<\/li>\n\n\n\n<li><strong>Risk control<\/strong>: Max 1\u20132% account risk per trade; trailing stops below recent lows<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_%E2%80%93_MicroStrategy_MSTR_Stock_Crash_2026\"><\/span>FAQs \u2013 MicroStrategy (MSTR) Stock Crash 2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Why has MSTR stock fallen over 75% since 2024 peak?<\/strong><\/p>\n\n\n\n<p>MSTR acts as a leveraged Bitcoin proxy. BTC\u2019s correction from $126K highs has been amplified by NAV premium compression, equity dilution from ATM offerings, and tactical trader positioning. <\/p>\n\n\n\n<p><strong>What is MicroStrategy\u2019s average Bitcoin purchase price?<\/strong><\/p>\n\n\n\n<p>Approximately $75,000\u2013$76,000 per BTC across all acquisitions (latest filings &amp; estimates as of early February 2026). <\/p>\n\n\n\n<p><strong>Is MSTR still a good Bitcoin exposure vehicle?<\/strong><\/p>\n\n\n\n<p>It offers leveraged upside (and downside) compared to direct BTC or spot ETFs. Suitable for high-conviction cycle believers willing to accept dilution &amp; volatility risk. <\/p>\n\n\n\n<p><strong>What does Canaccord\u2019s $185 target mean?<\/strong><\/p>\n\n\n\n<p>It implies near-term downside but continued long-term optimism tied to Bitcoin\u2019s cycle. The Buy rating signals analysts still expect eventual recovery if BTC stabilizes or rallies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion_2026_Outlook\"><\/span>Conclusion &amp; 2026 Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>MicroStrategy\u2019s (Strategy Inc) 75%+ stock crash from its November 2024 peak reflects its role as a leveraged Bitcoin vehicle \u2014 magnifying BTC\u2019s ~27% YTD correction through NAV premium compression, ongoing equity dilution, and tactical positioning. With ~673,783 BTC held at an average cost near $75,000\u2013$76,000, the company remains the largest corporate treasury holder, but mark-to-market accounting has produced $17.44 billion in Q4 2025 unrealized losses.<\/p>\n\n\n\n<p>Tapbit provides traders with cleaner alternatives to MSTR exposure: 0% maker fees on BTC\/USDT spot &amp; perpetuals, deep liquidity, up to 125x leverage (used sparingly), staking\/yield options, and instant fiat ramps. Key levels to monitor: Bitcoin support at $72k\u2013$74k, MSTR NAV premium behavior, February jobs report (Feb 7), Fed speakers, and ETF flow direction \u2014 capitulation extremes have historically preceded the strongest recoveries of the cycle.<\/p>\n\n\n\n<p><strong>Track Bitcoin &amp; trade volatility on Tapbit:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.tapbit.com\/register\">Sign Up on Tapbit<\/a> (0% maker fees)<\/li>\n\n\n\n<li><a href=\"https:\/\/www.tapbit.com\/login\">Login &amp; Deposit JPY\/USDT<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.tapbit.com\/price\">Live BTC\/USDT Spot &amp; Perpetual Charts<\/a><\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer:<\/strong> Cryptocurrency and equity trading involve significant risk of loss. Prices are highly volatile and can change rapidly. Corporate Bitcoin holdings, analyst targets and financing structures do not guarantee future performance. This article is for informational purposes only and does not constitute investment advice. Always conduct your own research (DYOR) and never invest more than you can afford to lose completely.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Published &amp; Updated: February 6, 2026 | Tapbit Bitcoin Treasury &amp; Corporate Crypto Desk MicroStrategy \u2014 now officially rebranded as Strategy Inc (NASDAQ: MSTR) \u2014 has seen its stock price collapse more than 75% from its November 2024 peak above $540, trading near $107 in early February 2026. The decline mirrors Bitcoin\u2019s own correction from [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MicroStrategy (MSTR) Stock Crashes 75%+ Since 2024 Peak: Bitcoin Strategy Exposed \u2013 2026 Update<\/title>\n<meta name=\"description\" content=\"Published &amp; Updated: February 6, 2026 | Tapbit Bitcoin Treasury &amp; Corporate Crypto Desk MicroStrategy \u2014 now officially rebranded as Strategy Inc MicroStrategy (now Strategy Inc) shares have plunged over 75% from November 2024 highs as Bitcoin corrects sharply. With ~673,783 BTC held at ~$75K\u2013$76K average cost, unrealized losses hit $17.44B in Q4 2025. 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With ~673,783 BTC held at ~$75K\u2013$76K average cost, unrealized losses hit $17.44B in Q4 2025. Full breakdown of the decline, risks, and outlook for 2026.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.tapbit.com\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\/\" \/>\n<meta property=\"og:site_name\" content=\"Tapbit Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-06T03:37:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.tapbit.com\/wp-content\/uploads\/2026\/02\/screenshot-20260206-112622.png\" \/>\n\t<meta property=\"og:image:width\" content=\"950\" \/>\n\t<meta property=\"og:image:height\" content=\"662\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alina\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alina\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blog.tapbit.com\\\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.tapbit.com\\\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\\\/\"},\"author\":{\"name\":\"Alina\",\"@id\":\"https:\\\/\\\/blog.tapbit.com\\\/#\\\/schema\\\/person\\\/83e7d04b4272fad5680b08e071edf188\"},\"headline\":\"MicroStrategy (MSTR) Stock Crashes 75%+ Since 2024 Peak: Bitcoin Strategy Exposed \u2013 2026 Update\",\"datePublished\":\"2026-02-06T03:37:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blog.tapbit.com\\\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\\\/\"},\"wordCount\":970,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/blog.tapbit.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.tapbit.com\\\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.tapbit.com\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/screenshot-20260206-112622.png\",\"articleSection\":[\"Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blog.tapbit.com\\\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blog.tapbit.com\\\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\\\/\",\"url\":\"https:\\\/\\\/blog.tapbit.com\\\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\\\/\",\"name\":\"MicroStrategy (MSTR) Stock Crashes 75%+ Since 2024 Peak: Bitcoin Strategy Exposed \u2013 2026 Update\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.tapbit.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/blog.tapbit.com\\\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.tapbit.com\\\/microstrategy-mstr-stock-crashes-75-since-2024-peak-bitcoin-strategy-exposed-2026-update\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.tapbit.com\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/screenshot-20260206-112622.png\",\"datePublished\":\"2026-02-06T03:37:21+00:00\",\"description\":\"Published &amp; Updated: February 6, 2026 | Tapbit Bitcoin Treasury &amp; Corporate Crypto Desk MicroStrategy \u2014 now officially rebranded as Strategy Inc MicroStrategy (now Strategy Inc) shares have plunged over 75% from November 2024 highs as Bitcoin corrects sharply. With ~673,783 BTC held at ~$75K\u2013$76K average cost, unrealized losses hit $17.44B in Q4 2025. 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