Despite a recent drop in the price of Bitcoin below $80,000, Michael Saylor’s investment firm, Strategy, has chosen to remain steadfast with its Bitcoin holdings strategy. According to their latest SEC filing dated April 7th, they did not make any new purchases during this period and neither did they sell class A shares typically used for funding Bitcoin acquisitions. This action stands out as a rare pause in Strategy’s aggressive accumulation strategy, which has seen them purchase over $35 billion worth of Bitcoin at an average price of $67,458. This strategic move has resulted in a reported unrealized loss of $5.91 billion for Q1 2025. However, the company anticipates a partial offset from a significant tax benefit, and their losses are still less than the peak value of Bitcoin last year. Despite this dip, Strategy’s holdings remained deep into the red. The firm attributes this decline to market volatility following President Trump’s sweeping tariff announcement. While Strategy held off on fresh buys for now, Saylor remains vocal in his support for Bitcoin, emphasizing its resilience and potential against a volatile fiat environment. This stance is supported by the company’s ambitious plans for 2025, which involve raising up to $21 billion to further expand their holdings of Bitcoin. They are actively exploring a sales agreement allowing them to issue perpetual strike preferred stock to fund these acquisitions. The firm aims to raise capital gradually through an ATM program to control their approach to equity raising and ensure that proceeds go towards Bitcoin purchases and working capital expenses. Despite the Q1 losses, Strategy remains the largest publicly traded Bitcoin holder, sparking debate among investors and analysts alike, about their long-term strategy and market timing skills.