Strategy Fund Enters 8th Month of Consecutive Losses

The Strategy fund is currently facing mounting pressure as it endures its eighth straight month of declining performance in its Bitcoin treasury management strategy. This extended downturn represents one of the most challenging periods for the fund since it began allocating resources to cryptocurrency holdings. According to NS3.AI data, the fund’s performance trajectory for the previous year ranked as its second-worst on record in the Bitcoin era, underscoring persistent headwinds in its asset allocation approach.

Bitcoin Market Dynamics and Fund Performance

The broader Bitcoin market context provides insight into the fund’s struggles. As of mid-February 2026, Bitcoin trades at $69.85K, with a concerning 30-day decline of -27.12% and a 12-month loss of -27.70%. These significant declines mirror the challenges facing strategy-focused funds that maintain substantial Bitcoin positions. The relentless downward pressure in the cryptocurrency markets has created a difficult environment for treasury strategies that rely on digital asset stability.

Strategic Questions and Path Forward

The 8th consecutive month of underperformance has raised important questions about the fund’s Bitcoin management approach and its ability to navigate volatile market conditions effectively. Stakeholders are scrutinizing whether the current treasury strategy framework remains effective or requires fundamental restructuring. The fund’s repeated monthly losses suggest that market timing and asset allocation decisions within its Bitcoin portfolio may need critical reexamination to restore investor confidence.