Shares of MicroStrategy Inc. slumped again on Monday, after the software company and cryptocurrency play disclosed that it resumed bitcoin purchases at prices well above current levels. The company continued to lean on shareholders to fund the purchases, as it used the $243 million raised through the sale of common stock.

Bitcoin under $90K is not something we've seen since November, but recent economic data dimming hopes of rate cuts caused investor jitters that not even spot bitcoin ETFs inflows or MicroStrategy's latest buy could shake.

The price of bitcoin (BTC-USD) may be slumping on Monday, but Wall Street firm Cantor sees plenty of room for MicroStrategy's (NASDAQ:MSTR) stock to run higher as the business software company continues to stash more bitcoin on its balance sheet.

MicroStrategy just added $243 million worth of Bitcoin to its corporate treasury, which is currently worth more than $41 billion.

MicroStrategy executive chairman and co-founder Michael Saylor on Monday announces buying an additional 2,530 BTC to its ever-growing portfolio. The

MicroStrategy, the business intelligence firm known for its aggressive Bitcoin acquisition strategy, has added another 2,530 BTC to its reserves. According to an 8-K filing with the Securities and Exchange Commission on Monday,

MicroStrategy co-founder Michael Saylor has posted the SaylorTracker chart on X for the 10th consecutive week, hinting at another BTC buy.