MicroStrategy has significantly reduced its Bitcoin acquisitions, purchasing only 397 BTC for $45.6 million recently. This marks a notable slowdown from previous months, with October's total purchases at 778 BTC compared to September's 3,526 BTC. The company now holds over 641,200 BTC, achieving a 26.1% return year-to-date. The reduction in purchases reflects broader institutional caution in the face of macroeconomic and regulatory uncertainties. Analysts emphasize that renewed institutional buying is essential for Bitcoin's market recovery, highlighting the importance of institutional demand in the cryptocurrency's price dynamics.