MSTR’s worst drop since 1999 was 100%
Strategy (MicroStrategy) (MSTR) fell 100% from Mar 2000 to Jul 2002. It took 24.6 years from that peak to close at a new high, in Nov 2024. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 3rd deepest among the 986 stocks PortfolioAutopsy tracks.
Drawdown from the last high, 1999 to now
How MSTR held up in each crash
| Crash | Years | MSTR | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | −99.9% | −47.5% |
| Financial crisis | 2007–09 | −70.9% | −55.2% |
| COVID crash | 2020 | −39.7% | −33.7% |
| 2022 rate shock | 2022 | −75.5% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how MSTR behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was MSTR’s maximum drawdown?
MSTR’s deepest fall since 1999 was 99.9%, from its high on March 10, 2000 to its low on July 26, 2002. The figure uses daily prices with dividends reinvested.
How long did MSTR take to recover?
24.6 years. MSTR first closed above its Mar 2000 high again on November 11, 2024.
Was MSTR riskier than the S&P 500?
Over the same years, MSTR’s worst drop was 99.9% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −98.2% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, January 5, 1999 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.