Strategy Pauses Bitcoin Buying as Price Falls Below $87,000
The world’s largest publicly traded Bitcoin holding company, Strategy, made no new Bitcoin purchases during the week of March 31 to April 6 – a surprise move amid volatile crypto markets, the information was revealed in a filing with the US Securities and Exchange Commission (SEC) on April 7.
During this time, Bitcoin’s price fluctuated significantly, starting around $82,000 and peaking at $87,000 on April 2, before falling back over the weekend, according to data from CoinGecko. It was seen as a sensitive week as changes in tax policy and geopolitical moves added to market uncertainty.
Unrealized Loss of Nearly $6 Billion
The filing also noted an unrealized loss of $5.91 billion for the quarter ending March 31, 2025, a significant figure reflecting the negative impact of Bitcoin’s price correction. Strategy, however, expects to partially offset this through a corresponding income tax benefit of approximately $1.69 billion.
As of April 7, Strategy held a total of 528,185 BTC at a total purchase cost of $35.6 billion, or an average price of approximately $67,458 per Bitcoin. The company did not make any Class A common stock sales during this period, which are typically used to fund previous Bitcoin acquisitions.
Saylor Continues to Support Bitcoin
Despite the company’s pause in buying, Michael Saylor — co-founder and former CEO of Strategy — has been actively promoting Bitcoin on social media. Responding to the price correction following US President Donald Trump’s tariff-related announcements, Saylor wrote on X: “Today’s market reaction to tariffs is a reminder: inflation is just the tip of the iceberg.”
In another post on April 3, he emphasized: “Bitcoin is the most volatile because it is the most useful.” He described Bitcoin as an effective hedge against threats such as taxes, regulations, competition, obsolescence, and unexpected events — and asserted that Bitcoin offers “resilience in a world of potential risk.”
Pause After Active Buying Period
The pause in Bitcoin buying marks a departure from the aggressive strategy at the start of the year. In March, Strategy announced a new capital raising program worth up to $21 billion to buy more Bitcoin through its "ATM Program" model. In the first quarter of 2025, the company made six buybacks, adding 52,696 BTC to its portfolio – bringing its total Bitcoin holdings to nearly 500,000 BTC as of early March.