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MSTR
$153.09-1.02%
as of close, Sep 30, 2026
☾ AH $153.09 -1.02%
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Strategy Inc Common Stock drawdown: 67.7% below the all-time high

Strategy Inc Common Stock is 67.7% below its all-time high, set Nov 20, 2024 (as of market close, Sep 30, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
−67.7%
32.3% of ATH
All-time high
$473.83
Nov 20, 2024
Time below the high
1.9 yrs
since Nov 20, 2024
Worst-ever drawdown
−99.9%
Jul 26, 2002
Longest underwater
24.7 yrs
between all-time highs
Today's level first reached
Jan 28, 2000
26.7 yrs ago
Last time this deep
Feb 28, 2024
in a previous episode

% of all-time high since 1998#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%20%40%60%80%
MSTR close · log0.502.0010.0050.00200
200020052010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Mar 10, 2000Jul 26, 2002−99.9%2.4 yrsNov 11, 202424.7 yrs
Nov 20, 2024Jun 26, 2026−82.6%1.6 yrsnot yet1.9 yrs+
Aug 25, 1998Apr 19, 1999−65.2%8 moSep 23, 199913 mo
Dec 10, 1999Dec 27, 1999−29.1%17 daysJan 10, 200031 days
Feb 16, 2000Feb 29, 2000−20.4%13 daysMar 1, 200014 days
Nov 3, 1999Nov 12, 1999−17.3%9 daysNov 22, 199919 days

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 1998: how far Strategy Inc Common Stock stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is Strategy Inc Common Stock from its all-time high?
Strategy Inc Common Stock is currently 67.7% below its all-time high, set Nov 20, 2024 (as of market close, Sep 30, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest Strategy Inc Common Stock drawdown ever?
The deepest decline on record in our data (since 1998) took Strategy Inc Common Stock 99.9% below its prior high, bottoming Jul 26, 2002. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from MSTR; no free deep history exists for Strategy Inc Common Stock — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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