2025-04-08
Michael Saylor’s company, Strategy,
which owns more Bitcoin than any other public company, didn’t buy more Bitcoin
last week, even though the price dropped below $87,000.
According to a filing with the U.S.
Securities and Exchange Commission (SEC) on April 7, Strategy made no Bitcoin
purchases between March 31 and April 6. That week, Bitcoin’s price was
volatile—it started at around $82,000, jumped to $87,000 on April 2, then fell
again.
The company also didn’t sell any of its
stock during that week. Strategy often sells stock to fund its Bitcoin
purchases.
As of April 7, Strategy owned 528,185
Bitcoins, which it bought for a total of $35.6 billion at an average price of
$67,458 per BTC.
In the first quarter of 2025, the
company reported a $5.91 billion unrealized loss on its Bitcoin holdings.
That means the value of its Bitcoin
dropped by that amount, though it hasn't sold any. This loss is expected to
lead to an overall financial loss for the quarter, though it will be partly
balanced by a $1.69 billion tax benefit.
Even though the company paused its
Bitcoin purchases, co-founder and former CEO Michael Saylor continued to
promote Bitcoin online. On April 3, he posted on X:
“Bitcoin is most volatile because it is most useful,”
referring to Bitcoin's price swings after President Trump announced new
tariffs.
