Key Takeaways Bitcoin briefly dropped below $90,000 early Monday, for the first time since November after a wild week of trading.Concerns around the Federal Reserve pulling back on rate cuts due to recent economic data may have made bitcoin investors nervous.

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

MicroStrategy Inc. bought $101 million of Bitcoin after announcing that it would use perpetual preferred stock as well as common shares and debt to acquire more of the cryptocurrency.

MicroStrategy’s Michael Saylor called bonds “toxic,” urging companies should buy Bitcoin. Saylor while comparing returns in Bitcoin versus the bonds since 2020, highlighted that the bitcoin went up since MicroStrategy adopted

A growing number of public companies are stacking up Bitcoin as the asset becomes more valuable, emulating MicroStrategy's model.

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.