Michael Saylor’s Strategy, the largest corporate holder of Bitcoin globally, has reportedly held off on further Bitcoin acquisitions as the cryptocurrency’s price experienced a notable dip below the $87,000 mark. The firm also revealed an unrealized loss of $5.91 billion in the first quarter.
On April 7, Strategy declared in a filing with the US Securities and Exchange Commission that it had not made any Bitcoin purchases from March 31 to April 6.
Strategy paused Bitcoin purchases last week amid increased market volatility
Strategy’s decision follows a week where Bitcoin saw significant price fluctuations, climbing as high as $87,000 on April 2nd before retracting below $82,000.
Later, on April 6, Bitcoin went below $80,000, a significant decrease from the average BTC price of the last 22,000 Bitcoin purchased by Strategy reported on March 31.
Additionally, Strategy said it held 528,185 Bitcoin as of April 7, purchased at a cost of $35.6 billion, or an average price of 67,458 per BTC.
Furthermore, based on the SEC’s filing, Strategy did not sell any shares of class A common stock during the March 31–April 6 period, when it usually sells shares to fund its Bitcoin purchases.
The filing also mentioned that “Our unrealized loss on digital assets for the quarter ended March 31, 2025, was $5.91 billion, which we expect will result in a net loss for the quarter ended March 31, 2025, partially offset by a related income tax benefit of $1.69 billion.”
Saylor speculates that Bitcoin offers resilience in a world where threats are unpredictable
Although Strategy refrained from purchasing Bitcoin last week, the CEO and co-founder of Strategy, Michael Saylor, still continued his vocal advocacy for Bitcoin. In support of this, he continued promoting the advantages of the cryptocurrency on social media.
On April 3, on the X platform, Saylor shared an X post highlighting that Bitcoin is the most volatile cryptocurrency due to its greatest usefulness. This was shortly after BTC fell from the intra-week high of $87,100 on April 2 to $82,000 after US President Donald Trump announced tariffs.
In addition to this X post, the CEO of Strategy added another post on the X platform, stating, “Today’s market reaction to tariffs is a reminder: inflation is just the tip of the iceberg.”
Saylor also explained that Bitcoin’s strength lay in its resistance to the capital-diminishing effects of taxes, regulations, competition, obsolescence, and unanticipated events.
Market participants will closely follow the outcomes of this Strategy buy pause, as their investment decisions were often impactful to Bitcoin pricing/market sentiment.
Whether this is a reactionary temporary fix to the recent price crash or whether this is part of a strategic evolution is to be seen. Investors will closely monitor the future filings of Strategy and statements from Saylor for further insight into the pair’s strategy in the ever-evolving cryptocurrency ecosystem.
Based on CoinMarketCap reports, Bitcoin is trading at $78,768.68, reflecting a 4.74% drop in the past 24 hours.
