Michael Saylor, the CEO and founder of publicly traded firm MicroStrategy, has paused his company’s acquisition of Bitcoin despite recent price surges reaching above $87,000. The decision comes amidst increased market volatility, with Strategy reporting an unrealized loss of $5.91 billion in the first quarter. Notably, the firm refrained from Bitcoin purchases between March 31 and April 6th, according to a recent SEC filing. This pause follows significant price fluctuations for Bitcoin, which saw a high of $87,000 on April 2nd before retracting below $82,000 and further dropping below $80,000 by April 6th. Strategy’s decision reflects the company’s cautious approach to buying in a volatile market. The firm’s holdings currently consist of 528,185 Bitcoin purchased at an average price of $67,458 per coin. Saylor maintains his belief that Bitcoin offers protection against unpredictable economic disruptions, despite the recent price decline. While Strategy has not sold any class A common stock since March 31st, its CEO continues advocating for Bitcoin on social media platforms and remains optimistic about the cryptocurrency’s long-term outlook.