🔻 Despite Bitcoin slipping below $87,000, Michael Saylor’s firm Strategy made no purchases last week. A new filing with the U.S. SEC reveals the company stayed on the sidelines, even as the crypto market tumbled — reporting an unrealized loss of nearly $6 billion in Q1.
📉 No buys, no sells
According to the April 7 SEC filing, Strategy didn’t acquire any new BTC between March 31 and April 6. The firm also didn’t sell any of its Class A shares, which are typically used to fund Bitcoin purchases.
That’s a notable shift from the week prior, when Strategy added 22,000 BTC to its holdings at an average price of $67,458 per coin.
But then the market turned. After briefly rallying to $87,000 on April 2, Bitcoin slipped below $80,000 by April 6 — likely prompting the firm’s cautious stance.
💥 $5.91 Billion in Unrealized Losses
As of April 7, Strategy held 528,185 BTC, acquired for roughly $35.6 billion. While the long-term vision remains unchanged, the company now reports an unrealized Q1 loss of $5.91 billion. Though partially offset by a $1.69 billion tax benefit, the firm is bracing for a net quarterly loss.
📢 Saylor: "Bitcoin is the most volatile because it’s the most useful"
While Strategy avoided buying, co-founder and former CEO Michael Saylor continues to champion Bitcoin online. On X, he posted:
"Bitcoin is the most volatile because it’s the most useful."
He also commented on President Trump’s new tariffs, writing:
"Today’s market reaction is a reminder: inflation is just the tip of the iceberg."
"Capital faces erosion from taxes, regulation, competition, obsolescence, and black swan events. Bitcoin provides resilience in a world full of hidden risks."
💡 What’s next?
Saylor remains vocally bullish, but Strategy is clearly in wait-and-see mode. Investors now watch closely to see whether Bitcoin’s dip below $80K triggers renewed buying — or signals a cautious pause ahead.
#BTC , #MicroStrategy , #MichaelSaylor , #CryptoNewss , #TrumpTariffs
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