Michael Saylor’s business, by far the biggest openly exchanged company holder of Bitcoin, chose not to boost its Bitcoin holdings almost immediately, even as the price fell underneath $87,000.
In a filing sent to the US, Michael Saylor’s firm, Strategy, the biggest publicly listed firm controlling Bitcoin, did not increase its Bitcoin holding last week even after the price dipped below $87,000. In a filing with the U.S. Securities and Exchange Commission on April 7, the firm indicated that it did not buy any Bitcoin for the week spanning March 31 to April 6.
This comes during a week when the Bitcoin price spiked up to 87,000 on April 2. Then, from there, Bitcoin went on a downward spiral to below 80,000. The downward movement of the price came after Strategy purchased 22,000 BTC at a higher average price, thus marking down the value of those recent purchases significantly.
Despite this, the firm did not sell any of its Class A stock, which they have done in the past to raise funds for further Bitcoin purchases. As of April 7, Strategy’s holding would be 528,185 coins of Bitcoin, bought for around 35.6 billion at an average cost of 67,458. The firm reported a massive unrealized loss of 5.91 billion for the first three months of 2025. This is expected to be almost offset by a 1.69 billion income tax benefit. After Strategy paused purchasing, co-founder and former chief executive Michael Saylor remained vocal on Bitcoin. In a post on social media on April 3, Saylor defined volatility as a useful trait in a hedge against failure. Saylor’s comments were a direct response to the unrest in the banking system. He repeated its function as a protection against uncertainty in the marketplace and his belief in its usefulness. Strategy remains confident in Bitcoin despite the cash crunch. Saylor uses the cryptocurrency’s long-term value to overcome market fluctuations since he believes in it.
