MSTR

Stock

Strategy Inc

Very rare

This is the kind of decline worth waking up for.

Strategy Inc is 80.2% off its high — among the deepest declines in its recorded history.

Price $93.89 · as of Jul 9, 2026All-time high $473.83Drawdown -80.2%Severity Score™ 12.0
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Historic

Current Drawdown

-80.2%

Days in Drawdown

595

Avg Max Drawdown

13.4%

Avg Length

355

Drawdown Severity Score™

12.0

MSTR - Price & High Water Mark

MSTR - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of July 8, 2026 · updated daily

Where today's valuation sits within MSTR's own multi-year range. A lower percentile means today's ratio is lower than more of its past readings. This is context, not a recommendation.

Price to Sales

66.3xHistorically High · 91st percentile
Low: 1.1xMedian: 3.2xHigh: 259.2x

20 years of daily history

74.4% below its highest Price to Sales reading · 5.0x typical multiple drawdown · high date August 7, 2025

Price to Sales history

EV to EBITDA

78.7xHistorically High · 92nd percentile
Low: 3.3xMedian: 14.8xHigh: 1215.7x

20 years of daily history

93.5% below its highest EV to EBITDA reading · 7.9x typical multiple drawdown · high date February 9, 2021

EV to EBITDA history · log scale

How we measure valuation

Strategy Inc (MSTR) Analysis: Current Drawdown Insights

Strategy Inc is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-09, the stock is trading at $93.89, which represents a 80.2% decline from its all-time high of $473.83. This drawdown has persisted for 595 days.

Based on its full tracked price history, Strategy Inc typically experiences drawdowns averaging 13.4% in depth, with an average duration of 355 days. Strategy Inc has gone through 27 total drawdown events in its tracked history. The largest drawdown on record for Strategy Inc was 99.9%, beginning in 2000. The longest drawdown duration on record was 9010 days.

The Drawdown Severity Score™ for Strategy Inc currently stands at 12.02. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score above 12.0 indicates a historic, once-in-a-decade event: declines of this magnitude are extraordinarily rare in this asset's tracked history and can also signal fundamental changes worth investigating.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Strategy Inc's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 27 tracked pullbacks (27 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2024-11-21Ongoing595 days-80.2%$473.83$93.89n/a
2024-11-132024-11-186 days-8.1%$356.59$327.67$384.79
2000-03-132024-11-119010 days-99.9%$313.00$0.45$340.00
2000-03-082000-03-092 days-0.9%$246.00$243.88$283.19
2000-02-172000-03-0114 days-20.4%$174.75$139.06$176.94
2000-02-092000-02-102 days-0.7%$158.44$157.31$164.69
2000-01-312000-02-089 days-14.4%$155.00$132.75$158.44
2000-01-242000-01-263 days-2.1%$144.56$141.50$147.50
2000-01-112000-01-199 days-9.7%$125.63$113.50$132.50
1999-12-132000-01-1029 days-29.1%$115.66$82.00$125.63
1999-12-071999-12-082 days-7.6%$96.94$89.59$97.00
1999-11-301999-12-034 days-9.8%$67.88$61.25$73.00
1999-11-231999-11-242 days-2.1%$50.88$49.78$54.66
1999-11-041999-11-2219 days-17.3%$49.94$41.31$50.88
1999-10-211999-10-299 days-10.7%$46.63$41.63$48.31
1999-10-181999-10-192 days-8.3%$38.50$35.31$41.38
1999-10-121999-10-143 days-2.6%$35.81$34.88$37.25
1999-10-071999-10-115 days-5.1%$35.38$33.56$35.81
1999-09-241999-09-285 days-4.5%$23.13$22.09$23.25
1998-08-261999-09-23394 days-65.2%$22.25$7.75$23.13
1998-08-211998-08-244 days-2.1%$20.44$20.00$21.25
1998-08-191998-08-202 days-0.3%$19.75$19.69$20.44
1998-08-171998-08-182 days-3.8%$19.69$18.94$19.75
1998-08-131998-08-142 days-1.0%$19.63$19.44$19.69
1998-07-141998-08-1230 days-14.6%$19.63$16.75$19.63
1998-06-301998-07-1011 days-7.9%$14.25$13.13$15.63
1998-06-221998-06-298 days-9.8%$14.06$12.69$14.25
1998-06-121998-06-176 days-3.3%$10.56$10.22$11.44

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

Strategy Inc (MSTR) is trading at $93.89 as of Jul 9, 2026. It is 80.2% below its high of $473.83. The drawdown has lasted 595 days. Severity score: 12.0 (Historic).

MSTR Price History and Drawdown Data

Latest price

$93.89

High-water mark

$473.83

Current drawdown

-80.2%

Days in drawdown

595

This MSTR page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Strategy Inc drawdowns.

What History Says About MSTR

Strategy Inc has dropped 10%+ from its high 8 times in its tracked history. These events lasted an average of 1189 days with an average max drop of -33.9%.

The current drawdown of -80.2% has lasted 595 days, which is within the typical range for comparable events.

PeriodMax DropDuration
Mar 2000 to Nov 2024-99.9%9010 days
Aug 1998 to Sep 1999-65.2%394 days
Dec 1999 to Jan 2000-29.1%29 days
Feb 2000 to Mar 2000-20.4%14 days
Nov 1999 to Nov 1999-17.3%19 days
Jul 1998 to Aug 1998-14.6%30 days

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