Despite 30% Bitcoin Price Drop, MicroStrategy Doubles Down on Holdings

MicroStrategy’s commitment to its Bitcoin holdings has remained steadfast despite a significant 30% drop in the cryptocurrency’s price. The company purchased an additional 8,178 BTC, reflecting their unwavering bullish outlook and CEO Michael Saylor’s dismissal of rumors about a selloff. This bold move highlights MicroStrategy’s strategy during volatile market conditions, leading to a $72 billion dip in its overall market value.  Saylor has reiterated his confidence in Bitcoin’s long-term value despite the recent price fluctuations, while confirming their continued investment strategy.