Strategy's Bitcoin Buying Spree Stops as Crypto Markets Wobble

TLDR

Table of Contents

Strategy did not add to its Bitcoin holdings during the week of March 31 to April 6 as BTC price dropped below $87,000
The company currently holds 528,185 Bitcoin purchased at an average price of $67,458 per BTC
Strategy reported an unrealized loss of $5.91 billion on digital assets for Q1 2025
According to Akrham analytics, Strategy is only 13% away from losing all its Bitcoin gains
Despite market volatility, Michael Saylor continues to promote Bitcoin’s resilience on social media

Strategy, the world’s largest publicly listed corporate holder of Bitcoin, did not purchase any additional Bitcoin during the week of March 31 to April 6, according to a recent SEC filing. This decision came as Bitcoin’s price fell below the $87,000 mark.

In the filing submitted to the US Securities and Exchange Commission on April 7, Strategy revealed it made no Bitcoin purchases during this period. The company also did not sell any shares of class A common stock, which it typically uses to finance its Bitcoin acquisitions.

The halt in purchases occurred during a week of heightened market volatility. Bitcoin started the week around $82,000 before surging to as high as $87,000 on April 2. By April 6, the price had fallen below $80,000.

Financial Impact of Bitcoin Holdings

Strategy currently holds 528,185 Bitcoin purchased at a total cost of $35.6 billion. This translates to an average purchase price of $67,458 per Bitcoin.

The company disclosed an unrealized loss of $5.91 billion on its digital assets for the quarter ended March 31, 2025. Strategy expects this will result in a net loss for the quarter, partially offset by a related income tax benefit of $1.69 billion.

At current prices, Strategy still maintains an unrealized profit of approximately 14.62%, or roughly $5 billion. However, cryptocurrency analytics firm Akrham reports that Strategy is only 13% away from losing virtually all of its Bitcoin gains.

Bitcoin was trading at approximately $77,351 at press time, having dipped lower due to news related to tariffs. This represents a sharp decline from recent highs.

Saylor’s Continued Bitcoin Advocacy

Despite the company’s decision to pause purchases, Strategy co-founder and former CEO Michael Saylor has continued to promote Bitcoin on social media. On April 3, shortly after Bitcoin fell from its intra-week high, Saylor posted on X: “Bitcoin is most volatile because it is most useful.”

Bitcoin is most volatile because it is most useful. https://t.co/XzCNHrdsh0
— Michael Saylor (@saylor) April 4, 2025

In another post, Saylor commented on market reactions to tariff announcements by US President Donald Trump. “Today’s market reaction to tariffs is a reminder: inflation is just the tip of the iceberg,” he wrote.

Saylor added that “Capital faces dilution from taxes, regulation, competition, obsolescence, and unforeseen events. Bitcoin offers resilience in a world full of hidden risks.”

The price drop followed Strategy’s previous purchase of 22,000 Bitcoin, which was announced on March 31. The current trading price represents a discount from the average price of that acquisition.

Strategy’s most recent $2 billion Bitcoin purchase on March 31 contributed to its current average purchase price of $67,458. The company’s total Bitcoin holdings make it the largest corporate holder of the cryptocurrency.

Saylor has repeatedly stated that he has no intention of selling any portion of Strategy’s Bitcoin holdings, maintaining his long-term belief in the cryptocurrency despite short-term price fluctuations.

The company’s approach reflects its long-standing strategy of accumulating Bitcoin as a treasury reserve asset, despite periodic market volatility. This strategy has now led to a substantial unrealized loss in the first quarter of 2025.

As of April 7, Strategy’s Bitcoin holdings represent a major portion of corporate Bitcoin investments worldwide. The company’s decisions are closely watched by market participants as potential indicators of institutional sentiment toward cryptocurrency.

Bitcoin’s recent price movements have been influenced by various factors, including the announcement of new tariffs by President Trump. These economic policy changes have contributed to broader market uncertainty affecting cryptocurrency prices.

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