In a significant move, Michael Saylor’s firm Strategy, the largest publicly listed corporate holder of Bitcoin, has paused its Bitcoin buying spree. This decision comes as Bitcoin’s price plummeted below $87,000, culminating in a substantial drop below $80,000 by April 6. The pause in purchases was disclosed in a recent filing with the U.S. Securities and Exchange Commission, which also revealed an unrealized loss of $5.91 billion on digital assets for the first quarter of 2025.
During the week of March 31 to April 6, Strategy did not acquire any new Bitcoin, marking a rare pause in its aggressive accumulation strategy. This halt followed a period of heightened market volatility, where Bitcoin surged to $87,000 on April 2 before retreating sharply due to U.S. President Donald Trump’s tariff announcements.
As of April 7, Strategy holds a total of 528,185 Bitcoin, purchased at an average price of $67,458 per coin. Despite the unrealized losses, the company remains optimistic about Bitcoin’s future, with Michael Saylor emphasizing its resilience in a volatile market.
The decision not to buy more Bitcoin was also influenced by a lack of demand for Strategy’s class A common stock, which is typically used to finance its Bitcoin purchases. The company’s shares faced a significant drop, falling as much as 14% following the announcement of the unrealized losses.
Saylor continues to express bullish sentiments about Bitcoin, highlighting its utility and resilience in the face of economic uncertainties. His statements underscore the company’s long-term commitment to Bitcoin, despite the current market challenges.
