{"id":126618,"date":"2025-04-07T13:15:30","date_gmt":"2025-04-07T13:15:30","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126618"},"modified":"2025-04-07T13:15:30","modified_gmt":"2025-04-07T13:15:30","slug":"michael-saylors-strategy-halts-bitcoin-buys-despite-dip-below-87k","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126618","title":{"rendered":"Michael Saylor\u2019s Strategy halts Bitcoin buys despite dip below $87K"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsMichael Saylor\u2019s firm Strategy, the world\u2019s largest publicly listed corporate holder of Bitcoin, did not add to its BTC holdings last week as the cryptocurrency\u2019s price dipped below $87,000.<br \/>\nIn a filing with the US Securities and Exchange Commission on April 7, Strategy announced it made no Bitcoin (BTC) purchases during the week of March 31 to April 6.<br \/>\nThe decision followed a week of heightened market volatility, with BTC surging to as high as $87,000 on April 2 after starting the week at around $82,000, according to data from CoinGecko.<br \/>\nBitcoin price from March 31, 2025, to April 6, 2025. Source: CoinGeckoBTC fell below $80,000 on April 6, a significant discount from the average BTC price of Strategy\u2019s previous 22,000 BTC purchase announced on March 31.<br \/>\nStrategy reports unrealized loss of $5.91 billion on digital assets in Q1<br \/>\nIn the period from March 31 to April 6, Strategy also did not sell any shares of class A common stock, which it tends to use for financing its Bitcoin buys, the filing stated.<br \/>\nAs of April 7, Strategy held an aggregate amount of 528,185 Bitcoin bought at $35.63 billion, or at an average price of 67,458 per BTC, it added.<br \/>\nAn excerpt from Strategy\u2019s Form 8-K report. Source: SEC\u201cOur unrealized loss on digital assets for the quarter ended March 31, 2025, was $5.91 billion, which we expect will result in a net loss for the quarter ended March 31, 2025, partially offset by a related income tax benefit of $1.69 billion,\u201d the filing added.<br \/>\n\u201cBitcoin is most volatile because it is most useful\u201d<br \/>\nWhile Strategy avoided buying Bitcoin last week, its co-founder and former CEO, Saylor, continued posting about the crypto asset\u2019s superiorship on social media.<br \/>\n\u201cBitcoin is most volatile because it is most useful,\u201d Saylor wrote in an X post on April 3, soon after BTC tumbled from the intra-week high of $87,100 on April 2 below $82,000, following the tariffs announcement by US President Donald Trump.<br \/>\nRelated: Has Michael Saylor\u2019s Strategy built a house of cards?<br \/>\nSource: Michael Saylor\u201cToday\u2019s market reaction to tariffs is a reminder: inflation is just the tip of the iceberg,\u201d Saylor wrote in another X post.<br \/>\n\u201cCapital faces dilution from taxes, regulation, competition, obsolescence, and unforeseen events. Bitcoin offers resilience in a world full of hidden risks,\u201d he added.<br \/>\nMagazine: New \u2018MemeStrategy\u2019 Bitcoin firm by 9GAG, jailed CEO\u2019s $3.5M bonus: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/saylor-strategy-skip-bitcoin-buy-87000-drop?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsMichael Saylor\u2019s firm Strategy, the world\u2019s largest publicly listed corporate holder of Bitcoin, did not add to its BTC holdings last week as the cryptocurrency\u2019s price dipped below&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126618"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126618"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126618\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126618"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}