Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Saylor's Strategy discloses nearly $6 billion in Q1 unrealized losses as selloff halts bitcoin buying spree

Saylor's Strategy discloses nearly $6 billion in Q1 unrealized losses as selloff halts bitcoin buying spree

The BlockThe Block2025/04/06 16:00
By:By Naga Avan-Nomayo

Quick Take Strategy reported unrealized losses on its Bitcoin holdings worth $5.91 billion in Q1 after spending about $7.66 billion buying 80,715 BTC during the quarter. The firm has not purchased any new BTC so far in the second quarter, leaving its total holdings at 528,185 BTC valued at over $43 billion as of March 31.

Saylor's Strategy discloses nearly $6 billion in Q1 unrealized losses as selloff halts bitcoin buying spree image 0

Strategy, formerly MicroStrategy, disclosed $5.91 billion in unrealized losses on its Bitcoin treasury during the first quarter of 2025 as macro-driven policies triggered a steep decline in digital asset markets.

The company also did not buy any new BTC between March 31 and April 4 due to zero patranoge for its class A common stock, MSTR, and STRK, its perpetual strike preferred offering within that period, according to an 8-K filed with the U.S. Securities and Exchange Commission on Monday.

During the first quarter, Strategy bought 80,715 BTC for $7.66 billion in cash proceeds from its at-the-market equity offering program. While the firm acquired bitcoin for an average price of $94,922 in the quarter, the price of bitcoin closed below $84,000 and fell 11.82% per CoinGlass data , marking its worst quarterly performance since 2018. The price action extended Strategy's unbooked losses for the previous quarter.

As of April 7, the Bitcoin-centric firm holds 528,185 BTC in total. Since 2020, Strategy has spent roughly $36 billion accumulating its bitcoin treasury for an average price of $ 67,458. Its BTC cache— valued at more than $43 billion — amounts to nearly 3% of Bitcoin’s total supply of 21 million coins. Strategy ended its first-quarter BTC buying spree by adding 22,048 bitcoin for $1.9 billion in cash .

MSTR swept by global market shakedown

The aftermath of last week's "Liberation Day" tariff event mauled global financial markets ahead of U.S. trading hours. Panic among investors sunk Asian stocks and compressed the total cryptocurrency market by over 10% in the past 24 hours, shrinking the industry’s market capitalization to $2.5 trillion.

The GMCI 30, which tracks the top 30 digital assets by valuation, fell almost 12% within the same period, according to The Block's data . MSTR, like most of Wall Street, buckled under similar pressure and shed significant value. Strategy’s stock was down more than 8% in pre-market trading on Monday, according to TradingView .


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!