The stock price of Strategy has been declining for seven consecutive months and is currently down about 75% from its historical high in November 2024 According to CoinDesk, the stock price of Bitcoin treasury company Strategy is currently close to $141, down about 75% from its historical high of around $540 in November 2024, and has been declining for seven consecutive months. If the market continues to decline in February, it is expected to fall for the eighth consecutive month. Compared to the historical high of Bitcoin, which has fallen by about 40% since October last year, MSTR's stock performance lags behind by about 35 percentage points. The company's market capitalization to net worth of Bitcoin reserves (mNAV) ratio is currently 1.09, still above 1, which means the company can still raise funds to purchase Bitcoin through issuing common stock in the market. However, if the stock price further declines, the scale of future Bitcoin purchases may shrink. If mNAV falls below 1, the company may be forced to suspend purchases and wait for the market to rebound. In the previous bear market (2022), Strategy only raised $275 million and used this funding to purchase approximately 10000 bitcoins.