Michael Saylor’s Strategy halts Bitcoin buys despite dip below $87K
Michael Saylor’s firm Strategy, the largest publicly listed corporate holder of Bitcoin, did not increase its BTC holdings last week as prices fell below $87,000. According to an SEC filing dated April 7, the company did not conduct any Bitcoin purchases during the week of March 31 to April 6, amidst significant market volatility. Bitcoin surged to $87,000 on April 2 before dropping below $80,000 shortly after. The firm reported an unrealized loss of $5.91 billion on its digital assets for Q1 2025. Despite the freeze on purchases, Saylor continued to advocate for Bitcoin on social media, emphasizing its utility amid economic uncertainties such as inflation and regulation. He highlighted Bitcoin's resilience in a world fraught with hidden risks. As of April 7, Strategy held 528,185 Bitcoins, acquired at an average price of $67,458 per BTC. The filing indicated that the unrealized loss might lead to a net loss for Q1, partially mitigated by tax benefits.
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