MicroStrategy’s stock is down from November’s high 36% despite continued BTC accumulation.

Shares of software giant MicroStrategy are down 36 percent from their November peak, despite their commitment to an aggressive bitcoin accumulation strategy.

MSTR shares closed at $302.96 on Dec. 30 after fluctuating between $301.75 and $320.01 throughout the day, according to data from Google Finance.

Loading Bitcoin Holdings Amidst Stock Price Struggles

The closing price was down 8.19% from previous levels, with another 3.19% remaining in afternoon trading, pushing the stock down to $293.59.

But the biggest dip is seen when comparing MSTR's November 20 high of $473.83 to its current price, representing a 36 percent difference. As the asset quickly broke a series of price records, BTC stock surged to record highs of $21.8 billion in 24-hour trading volume on the back of MicroStrategy.

The company is currently the largest corporate owner of Bitcoin after acquiring another 2,136 BTC, bringing its holdings to an impressive 446,400 BTC, with an estimated value of $41.4 billion. However, the continued buying momentum doesn't seem to have pushed MSTR out of its slump, with the stock failing to go above $411 in December.

That being said, over the long term, the micro strategy has still performed admirably. In six months, it's up more than 121 percent, and up 342 percent year-over-year.

Shortly after hitting a high of $108,135 on December 17, Bitcoin itself has had a tumultuous few weeks. The rating is from yesterday. In 30 days, it has lost almost 3% of its value, although in the last 12 months, its value shows a 121% improvement.

Corporate activities and market responses

Interestingly, there seems to be a correlation between micro strategy BTC buying and frequent market corrections. Each acquisition, which is usually announced on Monday, has triggered a drop in price, raising questions about the company's impact on the crypto market.

Critics, such as gold advocate Peter Schiff, say the company's purchases are not enough to boost the cryptocurrency's value. His comments followed hawkish signals from the Federal Reserve's last FOMC meeting, with BTC shedding 15% of its value.

However, the micro-strategy led by executive chairman Michael Saylor appears to be intact. Bitcoin holdings, which were bought at an average price of $62,428, have now generated unrealized gains of more than $13 billion.

Additionally, a recent announcement of a special shareholder meeting to increase authorized shares and expand financing options is setting the Virginia-based entity up for future growth.