MicroStrategy buys more Bitcoin despite price slide

MicroStrategy is on track for its second-largest quarterly Bitcoin accumulation, having purchased 89,618 BTC this year despite a 20% price decline. This brings their total holdings to 761,068 BTC, making them the largest corporate holder. The company's strategy is driven by capital availability, with recent purchases partly funded by sales of its preferred offering. This aggressive buying continues even as Bitcoin's price has fallen significantly from its peak, demonstrating a strong conviction in the cryptocurrency's long-term value.