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Despite the losses, MicroStrategy stock has outperformed the Nasdaq, Gold, Silver, and even some of the world's largest technology businesses since its Bitcoin adoption.
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A Bitcoin promoter purchases even more of the most popular cryptocurrency.
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Despite the bear market, MicroStrategy has added 480 BTC to its coffers, the business said on June 29.
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Saylor outlined three factors that he believes are weighing on Bitcoin, one of which is the cross-collateralization of altcoins, which he considers unregistered securities.
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According to MicroStrategy CEO Michael Saylor, the company also serves as the first and only bitcoin spot exchange-traded fund in the United States.
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After buying 4,167 more bitcoin for about $190.5 million, MicroStrategy now owns 129,218 coins worth more than $6 billion.
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Michael Saylor, the founder of MicroStrategy, is widely regarded as one of the most outspoken and enthusiastic supporters of cryptocurrency.
Despite the losses, MicroStrategy stock has outperformed the Nasdaq, Gold, Silver, and even some of the world's largest technology businesses since its Bitcoin adoption.
