Michael Saylor’s Strategy halts Bitcoin buys despite dip below $87K

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Coin Telegraph 11h ago

Michael Saylor’s Strategy halts Bitcoin buys despite dip below $87K - Coin Telegraph

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Source: SEC“Our 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,” the filing added.“Bitcoin is most volatile because it is most useful”While Strategy avoided buying Bitcoin last week, its co-founder and former CEO, Saylor, continued posting about the crypto asset’s superiorship on social media.“Bitcoin is most volatile because it is most useful,” 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.

Strategy reports unrealized loss of $5.91 billion on digital assets in Q1In 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.

In 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.