MSTR down $8B this quarter despite inflows from global institutions
Despite hundreds of millions of dollars worth of Strategy purchases by institutional wealth managers overseeing trillions of dollars, its MSTR common stock is languishing 38% below its 52-week high. Since the end of the second quarter of 2025 when many funds disclosed their purchases, MSTR has lost $8 billion in market cap despite these impressive inflows. This month, a division of the $1.3 trillion asset manager Northern Trust disclosed $31.6 million in MSTR purchases. Meanwhile, the $700 million BNC Wealth Management LLC purchased 1,831 MSTR, according to its most recent quarterly report. California’s State Teachers Retirement System as well as its Public Employees Retirement System disclosed more than $40 million worth of MSTR purchases in their financial disclosure last month. Vident Advisory LLC bought over $30 million per its August disclosure — as did BLKBRD Asset Management. Even Canadian retirement investors through Bank of Montreal have purchase...