Michael Saylor’s company, Strategy, recognized as the largest publicly traded corporate holder of Bitcoin, refrained from increasing its BTC holdings last week as the cryptocurrency’s value dropped below $87,000.
In a filing submitted to the US Securities and Exchange Commission on April 7, Strategy disclosed it did not acquire any Bitcoin
BTCUSD
during the week spanning March 31 to April 6.
The choice came after a week filled with increased market volatility, with BTC reaching as high as $87,000 on April 2, having commenced the week at approximately $82,000, based on data from CoinGecko.
On April 6, BTC dropped below $80,000, marking a notable reduction from the average price of BTC during Strategy’s last acquisition of 22,000 BTC, which was disclosed on March 31.
Strategy reports an unrealized loss of $5.91 billion on digital assets for Q1
From March 31 to April 6, Strategy also refrained from selling any shares of class A common stock, which is typically used to fund its Bitcoin purchases, according to the filing.
As of April 7, Strategy possessed a total of 528,185 Bitcoins acquired for $35.63 billion, averaging $67,458 per BTC, the report stated.
“Our unrealized loss on digital assets for the quarter ending March 31, 2025, amounted to $5.91 billion, which we anticipate will lead to a net loss for that quarter, albeit partially alleviated by a corresponding income tax benefit of $1.69 billion,” the filing elaborated.
“Bitcoin is most volatile because it is most useful”
While Strategy chose not to purchase Bitcoin last week, its co-founder and former CEO, Saylor, continued to advocate for the cryptocurrency’s superiority across social media platforms.
“Bitcoin is most volatile because it is most useful,” Saylor tweeted on April 3, shortly after BTC fell from the weekly high of $87,100 on April 2 to below $82,000 after the tariffs announcement by US President Donald Trump.
“The market’s immediate reaction to tariffs serves as a reminder: inflation is merely the surface issue,” Saylor remarked in another post on X.
“Capital is susceptible to dilution from taxes, regulations, competition, obsolescence, and unforeseen circumstances. In a world rife with hidden risks, Bitcoin provides resilience,” he concluded.
