Strategy pauses Bitcoin buys as unrealised losses hit $5.91B

Michael Saylor’s firm, Strategy, halted Bitcoin (CRYPTO:BTC) purchases last week despite the cryptocurrency’s price dipping below $87,000.

This decision comes amid heightened market volatility and significant unrealised losses reported by the company.

In an April 7 filing with the U.S. Securities and Exchange Commission (SEC), Strategy disclosed that it made no Bitcoin acquisitions during the week of March 31 to April 6.

The firm currently holds 528,185 BTC, acquired at a total cost of $35.6 billion, with an average purchase price of $67,458 per Bitcoin.

However, the company reported a staggering $5.91 billion unrealised loss for the first quarter of 2025, partially offset by a $1.69 billion income tax benefit.

The pause in purchases follows a turbulent week for Bitcoin, which saw its price rise to $87,000 on April 2 before falling below $80,000 on April 6.

This marked a significant discount from the average price of Strategy’s previous Bitcoin purchase of 22,000 BTC on March 31.

Despite halting acquisitions, Strategy did not sell any shares of its Class A common stock during this period, which it typically uses to fund Bitcoin purchases.

The company’s decision reflects caution amid uncertain market conditions and growing economic pressures.

Michael Saylor, co-founder and former CEO of Strategy, remains optimistic about Bitcoin’s long-term potential despite the current challenges.

On social media, Saylor emphasised Bitcoin’s resilience and utility in volatile markets.

“Bitcoin is most volatile because it is most useful,” he stated on April 3.

The downturn in Bitcoin’s price has been partly attributed to recent U.S. trade tariffs announced by President Donald Trump, which have created ripples across global financial markets.

At the time of reporting, the Bitcoin (BTC) price was $80,548.46.