The strategy of Michael Saylor, the largest company holder of Bitcoin globally, is reportedly awaiting a Bitcoin acquisition, as he experienced a prominent DIP with Cryptocurrency price below $87,000. The company also revealed an unrealized loss of $59.1 billion in the first quarter.
On April 7, the Strategy declared that it had not made Bitcoin purchases from March 31st to April 6th in a filing with the Securities and Exchange Commission.
Bitcoin purchases have been suspended last week amid rising market volatility
The strategy decision follows a week when Bitcoin saw a significant price fluctuation, falling below $82,000 after hitting $87,000 on April 2nd.
Then, on April 6, Bitcoin fell below $80,000, a significant drop from the average BTC price of the past 22,000 Bitcoins purchased through the strategy reported on March 31.
Furthermore, according to the strategy, it held 528,185 Bitcoins as of April 7th, and bought it at a price of $35.6 billion or an average price of 67,458 per BTC.
Furthermore, based on the SEC application, the strategy did not sell shares of Class A common stock from March 31 to April 6, where the shares were sold to fund the purchase of Bitcoin.
The filing also states, “The unrealized loss on digital assets for the quarter ended March 31, 2025 was $59.1 billion, and we expect to incur net losses for the quarter ended March 31, 2025, partially offset by the associated income tax of $169 billion.”
Saylor speculates that Bitcoin will provide resilience in a world where threats are unpredictable
The Strategy refrained from purchasing Bitcoin last week, but Michael Saylor, CEO and co-founder of Strategy, continued his vocal advocacy for Bitcoin. In support of this, he continued to promote the benefits of cryptocurrency on social media.
On April 3rd, on the X platform, Saylor shared an X post highlighting that Bitcoin is the most unstable cryptocurrency for its greatest usefulness. This comes shortly after US President Donald Trump announced tariffs, BTC fell from $87,100 on April 2nd, from $87,100 to $87,100 on April 2nd.
In addition to this X post, Strategy CEO added another post to the X platform, saying, “The market response to tariffs today is a reminder. Inflation is just the tip of the iceberg.”
Saylor also explained that Bitcoin’s strength lies in its resistance to taxes, regulations, competition, obsolescence and capital-determining effects of unexpected events.
Market participants closely follow the outcome of this strategic purchase, as investment decisions often affect Bitcoin pricing/market sentiment.
We’ll see whether this is a reactionary temporary fix to the recent price crash, or whether it’s part of a strategic evolution. Investors will closely monitor future submissions of strategies and statements from Saylor for further insights into the pair’s strategies in the evolving cryptocurrency ecosystem.
Based on CoinmarketCap’s report, Bitcoin is trading at $78,768.68, reflecting a 4.74% decline in the last 24 hours.
