Michael Saylor’s company, which is the largest publicly traded corporate holder of Bitcoin worldwide, refrained from increasing its BTC holdings last week as the cryptocurrency’s value fell below $87,000.
In a disclosure made to the US Securities and Exchange Commission on April 7, the firm confirmed that it did not make any Bitcoin (BTC) purchases in the week spanning March 31 to April 6.
This decision came after a week marked by heightened market fluctuations, with BTC peaking at $87,000 on April 2, having started the week around $82,000, as indicated by data from CoinGecko.
Bitcoin price from March 31, 2025, to April 6, 2025. Source: CoinGecko
On April 6, BTC dropped below $80,000, which is considerably lower than the average price for the previous purchase of 22,000 BTC made on March 31.
Company reports an unrealized loss of $5.91 billion on digital assets for Q1
During the period from March 31 to April 6, the company also did not sell any shares of class A common stock, which it typically uses to finance its Bitcoin acquisitions, according to the filing.
As of April 7, the firm reported total holdings of 528,185 Bitcoin, purchased for $35.6 billion, reflecting an average purchase price of $67,458 per BTC, the disclosure noted.
An excerpt from the company’s SEC report.
“Our unrealized loss on digital assets for the quarter ending March 31, 2025, totaled $5.91 billion, which we anticipate will contribute to a net loss for the quarter, partially offset by a related income tax benefit of $1.69 billion,” the filing stated.
“Bitcoin is most volatile because it is most useful”
While the firm chose not to buy Bitcoin last week, its co-founder and former CEO, Saylor, persisted in highlighting the cryptocurrency’s advantages on social media.
“Bitcoin is most volatile because it is most useful,” Saylor commented in a post on April 3, shortly after BTC fell from an intra-week peak of $87,100 on April 2 to below $82,000, influenced by tariffs announced by US President Donald Trump.
Related: Has the firm built a house of cards?
Source: Michael Saylor
“Today’s market response to tariffs is a reminder: inflation is just the tip of the iceberg,” Saylor stated in another post.
“Capital is subject to dilution from taxes, regulation, competition, obsolescence, and unforeseen events. Bitcoin provides resilience in a world filled with hidden risks,” he added.
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