Strategy Halts Bitcoin Purchases Amid Market Downturn, Reports $5.91 Billion Loss

Michael Saylor’s firm, Strategy, the largest publicly traded Bitcoin holder, has paused its acquisition of new Bitcoin amid a market downturn. The move follows Bitcoin’s sharp decline, with the price dropping below $80,000 by April 6th. As per recent SEC filings, Strategy incurred an unrealized loss of $5.91 billion in digital assets during the first quarter of 2025. During the week of March 31 to April 6, the firm stopped purchasing any new Bitcoin. This pause followed a period of heightened market volatility that saw Bitcoin reach its peak at $87,000 on April 2 before declining sharply following President Donald Trump’s tariff announcements. As of April 7th, Strategy holds 528,185 Bitcoin purchased at an average price of $67,458 per coin. Despite the unrealized losses and a stock decline of up to 14%, Strategy remains optimistic about Bitcoin’s future prospects. Michael Saylor emphasizes its resilience in a volatile market. The decision not to buy more Bitcoin was influenced by low demand for their Class A common stock, often used for funding Bitcoin purchases. Saylor continues to express confidence in Bitcoin’s future despite the current market challenges.