The strategy has experienced a significant decline, falling below the crucial 200-day moving average, which is often used by investors as an indicator of long-term momentum. As a result of this downturn, shares have been consistently underperforming compared to Bitcoin, a leading cryptocurrency that has gained popularity and shown resilience in the market. This situation raises concerns among investors and analysts about the effectiveness of the strategy and its ability to generate favorable returns in the current economic landscape.
source: https://www.coindesk.com/markets/2025/08/20/strategy-tumbles-below-200-day-moving-average-as-shares-continue-to-underperform-bitcoin