Strategy steps back from Bitcoin buying as price slips under $87K
Strategy steps back from Bitcoin for now
Michael Saylor’s firm, Strategy, paused its aggressive Bitcoin acquisition strategy last week, even as the world’s largest cryptocurrency briefly fell below $87,000.
The move marks a rare moment of restraint from the company, which holds more Bitcoin than any other publicly traded corporation, according to Cointelegraph.
A U.S. Securities and Exchange Commission (SEC) filing published on April 7, Strategy made no Bitcoin purchases between March 31 and April 6. The pause came during a week of heightened market volatility that saw Bitcoin surge to $87,000 on April 2 before slipping back below $80,000 by week’s end.
The company disclosed it now holds 528,185 BTC, acquired at a total cost of $35.6 billion—an average price of $67,458 per coin. At current prices, Strategy is sitting on an unrealized loss of $5.91 billion for the first quarter of 2025. The firm also did not sell any class A common stock during the reporting week, a vehicle it has frequently used to fund previous Bitcoin buys.
Mounting pressure and public messaging
Despite the financial headwinds, Strategy’s co-founder and executive chairman, Michael Saylor, remained vocal in his support for Bitcoin. In a series of social media posts, Saylor argued that volatility is a sign of Bitcoin’s usefulness, framing the digital asset as a hedge against inflation, regulation, and economic unpredictability.
“The decision to pause purchases, even temporarily, underscores the pressure on firms navigating Bitcoin’s inherent volatility,” said market analyst Caroline Huang. “But it doesn’t signal a shift in long-term conviction.”
Strategy’s restraint highlights a maturing approach to treasury management in the crypto sector—one that balances ideological commitment with fiscal prudence.
At 2024, Strategy (MSTR) entered the top 100 publicly traded U.S. companies, ranking 97th overall. This milestone follows a 12% surge in its stock price to $430 per share, driven by Bitcoin's all-time high.
