Michael Saylor’s company, Strategy, which is the largest publicly traded corporate holder of Bitcoin, did not buy any additional Bitcoin last week as its price dipped below $87,000. According to a filing with the U.S. Securities and Exchange Commission on April 7, the company made no purchases during the week of March 31 to April 6, following a turbulent Market where Bitcoin had briefly surged to $87,100. As of April 7, Strategy held 528,185 Bitcoins, with an average purchase price of $67,458 per Bitcoin, totaling around $35.6 billion. The firm reported an unrealized loss of $5.91 billion on its digital assets for the first quarter of 2025, though Saylor remained vocal about Bitcoin’s value on social media.
Michael Saylor’s company, Strategy, recognized as the largest publicly traded corporate holder of Bitcoin, chose not to expand its Bitcoin holdings last week, as the cryptocurrency’s price dipped below $87,000. According to a recent filing with the US Securities and Exchange Commission (SEC) dated April 7, Strategy made no BTC purchases during the week from March 31 to April 6.
This decision followed a week of Market fluctuations where Bitcoin briefly soared to approximately $87,000 on April 2 after starting the week around $82,000, based on data from CoinGecko. However, by April 6, Bitcoin fell below $80,000, marking a notable decline from the average price that Strategy had paid, which was around $67,458 per BTC during their previous significant purchase of 22,000 BTC announced on March 31.
In summary, Strategy reported an unrealized loss of $5.91 billion on its digital assets for the first quarter of 2025. The filing revealed that the company also did not sell any of its class A common stock, which it typically uses to fund Bitcoin purchases. As of April 7, Strategy holds a substantial amount of 528,185 Bitcoin, purchased for a total of $35.6 billion.
Despite these developments, Saylor, co-founder and former CEO of Strategy, continued to express confidence in Bitcoin on social media. He declared that “Bitcoin is most volatile because it is most useful,” providing insight into his belief in the cryptocurrency’s long-term stability amidst volatility. He further commented on the implications of the current Market climate, suggesting that Bitcoin offers a hedge against various risks in today’s economy.
For those interested in the fluctuations of Bitcoin or the operations of publicly traded companies like Strategy, this information highlights the dynamics of cryptocurrency investments and Market behavior.
Tags: Bitcoin, Michael Saylor, Strategy, cryptocurrency, SEC filing, Market volatility, digital assets, investment, Bitcoin price, crypto news.
What is Michael Saylor’s current stance on Bitcoin?
Michael Saylor has paused buying Bitcoin even though its price has dipped below $87,000. He believes in holding onto existing Bitcoin investments rather than making new purchases for now.
Why did Michael Saylor decide to halt Bitcoin purchases?
Saylor’s strategy focuses on risk management and Market conditions. He thinks it’s better to hold what he has instead of buying more during this price dip.
Is there any specific price target that concerns him?
While he hasn’t mentioned a specific price target, Saylor seems cautious about making new investments until he feels the Market stabilizes.
What does this mean for Bitcoin investors?
Investors might see this as a sign of caution. Saylor’s decision could influence others in the Market, leading to mixed reactions from different investors.
How might this affect the future price of Bitcoin?
Saylor’s pause might create short-term uncertainty, but it could also encourage other investors to be careful. The overall Market reaction could vary as a result.