Quick Take

MicroStrategy (MSTR) has recently experienced a pullback in its stock price, currently trading around $1,260 per share, down 35% from its recent high of nearly $2,000. This decline is in line with Bitcoin’s (BTC) 8% pullback over the same period.

Despite the recent downturn, MicroStrategy’s stock has outperformed Bitcoin year-to-date — with MSTR up 84% compared to BTC’s 44% gain.

Data from the MSTR-tracker shows the “MSTR/BTC Ratio” chart, which illustrates the comparative value between MicroStrategy’s stock price and Bitcoin’s price, which peaked at around 0.028, similar to its 2021 high but has since dropped to 0.02.