While MicroStrategy’s stock price has experienced a significant decline this year, its Bitcoin holdings remain profitable and its long-term performance continues to outpace major tech companies. The company’s recent acquisition of 8,178 BTC for $835.6 million bolstered its Bitcoin reserves, pushing the total value above $56 billion. 2023 hasn’t been easy for MicroStrategy shareholders, as stock values have dropped by almost 60% in the last year and more than 40% since the beginning of 2023, but a deeper look reveals its Bitcoin strategy is not solely to blame. 75% decrease in Digital Asset Treasury (DAT) inflows has contributed to broader market instability, rather than directly influencing their strategy.