Strategy Halts Bitcoin Buys Amid 10% Price Dip, Reports $5.91B Loss

Strategy, the world’s largest publicly listed corporate holder of Bitcoin, did not add to its Bitcoin holdings last week as the cryptocurrency’s price dipped below $87,000. This decision came amidst heightened market volatility, with Bitcoin surging to as high as $87,000 on April 2 after starting the week at around $82,000. The price then fell below $80,000 on April 6, marking a significant discount from the average price of Strategy’s previous 22,000 BTC purchase announced on March 31.

In a filing with the US Securities and Exchange Commission on April 7, Strategy disclosed that it made no Bitcoin purchases during the week of March 31 to April 6. The firm also reported an unrealized loss of $5.91 billion on its digital assets for the quarter ended March 31, 2025. This loss is expected to result in a net loss for the quarter, partially offset by a related income tax benefit of $1.69 billion.

As of April 7, Strategy held an aggregate amount of 528,185 Bitcoin, bought at a total cost of $35.63 billion, or at an average price of $67,458 per BTC. The firm did not sell any shares of class A common stock during the period from March 31 to April 6, which it typically uses for financing its Bitcoin buys.

Despite the pause in Bitcoin purchases, Michael Saylor, the co-founder and former CEO of Strategy, continued to advocate for the crypto asset’s superiority on social media. In an X post on April 3, Saylor wrote, “Bitcoin is most volatile because it is most useful,” following BTC’s tumble from an intra-week high of $87,100 on April 2 below $82,000. He also commented on the market reaction to tariffs announced by the US President, stating that inflation is just the tip of the iceberg and that Bitcoin offers resilience in a world full of hidden risks.

The decision to halt Bitcoin purchases during a price dip below $87,000 suggests a strategic shift by Strategy, potentially influenced by the significant unrealized loss reported in the first quarter. This move underscores the firm’s cautious approach to managing its Bitcoin holdings amidst market volatility. Saylor’s continued advocacy for Bitcoin, despite the market fluctuations, highlights his unwavering belief in the cryptocurrency’s long-term value and utility.