Michael Saylor’s firm Strategy, the world’s largest publicly listed corporate holder of Bitcoin, did not add to its BTC holdings last week as the cryptocurrency’s price dipped below $87,000.
In a filing with the US Securities and Exchange Commission on April 7, Strategy announced it made no Bitcoin (BTC) purchases during the week of March 31 to April 6.
The decision followed a week of heightened market volatility, with BTC surging to as high as $87,000 on April 2 after starting the week at around $82,000, according to data from CoinGecko.
Bitcoin price from March 31, 2025, to April 6, 2025. Source: CoinGecko
BTC fell below $80,000 on April 6, a significant discount from the average BTC price of Strategy’s previous 22,000 BTC purchase announced on March 31.
Strategy reports unrealized loss of $5.91 billion on digital assets in Q1
In the period from March 31 to April 6, Strategy also did not sell any shares of class A common stock, which it tends to use for financing its Bitcoin buys, the filing stated.
As of April 7, Strategy held an aggregate amount of 528,185 Bitcoin bought at $35.63 billion, or at an average price of 67,458 per BTC, it added.
An excerpt from Strategy’s Form 8-K report. Source: SEC
“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,” the filing added.
“Bitcoin is most volatile because it is most useful”
While Strategy avoided buying Bitcoin last week, its co-founder and former CEO, Saylor, continued posting about the crypto asset’s superiorship on social media.
“Bitcoin is most volatile because it is most useful,” Saylor wrote in an X post on April 3, soon after BTC tumbled from the intra-week high of $87,100 on April 2 below $82,000, following the tariffs announcement by US President Donald Trump.
Related: Has Michael Saylor’s Strategy built a house of cards?
Source: Michael Saylor
“Today’s market reaction to tariffs is a reminder: inflation is just the tip of the iceberg,” Saylor wrote in another X post.
“Capital faces dilution from taxes, regulation, competition, obsolescence, and unforeseen events. Bitcoin offers resilience in a world full of hidden risks,” he added.
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