Strategy shares slide 27% in Jan–Jun 2026 as Coinbase falls 29% in crypto-led selloff

In the first half of 2026, Strategy (MSTR) fell 27% as Bitcoin’s decline left its 847,000-coin position with $1 billion in unrealized losses. The company also posted a Q1 loss of $38.25 per share, far wider than expected. Coinbase (COIN) slipped 29% over the same period, with stronger fundamentals but pressure from the broader industry and uncertainty over when the CLARITY Act could pass. The comparison slightly favors COIN, though both remain under strain in a bear market.