Strategy stock retreated more than 5% on Friday as its recent momentum faded. The shares fell to $136, which is 20% below their September high and their lowest level since September 18. The pullback may continue as Bitcoin loses traction and dilution concerns gain steam. Strategy stock falls as Bitcoin loses traction MSTR stock dropped as the recent Bitcoin rally lost traction. After peaking at $87,270 in September, it dropped to the current $80,980 as demand in the futures and ETF market waned. Spot Bitcoin ETFs have had over $534 million in outflows this month, a big reversal from the $2.6 billion inflows experienced in September and the $3.52 billion they added in August.