MSTR stock plummeted to a two-year low of $95.31 on June 24, 2026, its lowest price since March 2024 and a decline of more than 80% from its all-time high near $543.
The drop came as Bitcoin fell below $60,000, pushing the company's 847,363 BTC holdings deeper underwater and intensifying pressure on a capital structure that now faces scrutiny from multiple directions.
CryptoQuant published a report warning Strategy to immediately pause all Bitcoin purchases and focus on rebuilding cash reserves, marking a notable shift in the conversation around MSTR beyond familiar price debates toward fundamental questions about its funding model.