Strategy, the largest publicly listed corporate holder of Bitcoin, reported that it did not increase its BTC holdings last week.
Lack of Bitcoin Purchases
In a filing with the US Securities and Exchange Commission on April 7, Strategy announced that it made no Bitcoin purchases during the week of March 31 to April 6. This decision followed weeks of market volatility, with BTC surging to as high as $87,000 on April 2 after starting the week at around $82,000.
Company Financial Results
The company did not sell any class A common stock during the period, which it typically uses to finance its Bitcoin purchases. As of April 7, Strategy held 528,185 Bitcoin purchased at an average price of $67,458, amounting to $35.63 billion. The report indicated an approaching unrealized loss on digital assets of $5.91 billion for the first quarter of 2025.
Michael Saylor's Views on Bitcoin
While Strategy avoided buying Bitcoin last week, co-founder and former CEO Michael Saylor continued to discuss the cryptocurrency's merits on social media. He stated that "Bitcoin is most volatile because it is most useful" and highlighted the associated risks, including taxes and regulations.
An examination of Michael Saylor's Strategy shows that even amid market volatility, the company is making cautious investment decisions regarding Bitcoin while continuing to advocate for its value.
