MicroStrategy Holds Steady: No Bitcoin Purchases Despite Price Dip Below $87,000

MicroStrategy, the world’s largest publicly traded Bitcoin holder, remained inactive in the market last week, refraining from adding to its BTC holdings despite a price dip below $87,000. This decision, revealed in an April 7 filing with the US Securities and Exchange Commission, marks a period of strategic inactivity for the firm.

The SEC filing (see filing) explicitly states that no Bitcoin (BTC) purchases were made during the week of March 31st to April 6th. This period witnessed significant price volatility, with BTC reaching a high of $87,000 on April 2nd, before retracting below $80,000 by April 6th. Data from CoinGecko supports this price fluctuation.

This price action contrasts with the average price of Strategy’s previous 22,000 BTC purchase, announced on March 31. The firm also reported no sales of Class A common stock during this week, a financing mechanism frequently used for Bitcoin acquisitions.

Significant Unrealized Loss Reported

MicroStrategy’s Q1 2025 report highlights an unrealized loss of $5.91 billion on its digital assets, partially offset by a $1.69 billion income tax benefit. As of April 7th, the firm held 528,185 BTC, acquired at a total cost of $35.63 billion, averaging $67,458 per BTC.

Saylor’s Perspective: Volatility and Bitcoin’s Utility

Despite the market downturn and MicroStrategy’s strategic pause, Michael Saylor, the firm’s co-founder and former CEO, remained vocal about Bitcoin’s long-term potential on social media. He argued that Bitcoin’s volatility is directly tied to its utility, a sentiment shared by many Bitcoin maximalists.

Saylor’s comments on X (formerly Twitter) highlighted concerns about inflation and economic uncertainty, emphasizing Bitcoin as a hedge against these risks.

This period of inactivity raises questions about MicroStrategy’s future buying strategy and its response to ongoing market conditions. The firm’s considerable investment in Bitcoin makes its decisions significant indicators for the broader cryptocurrency market.