Strategy to stop buying Bitcoin when the price falls below $87,000

Michael Saylor's strategy, the largest publicly traded company holding Bitcoin in the world, did not increase its BTC holdings last week as the price of the leading asset fell below $87,000.

In the filing submitted to the U.S. Securities and Exchange Commission (SEC) on April 7, Strategy stated that they did not purchase Bitcoin during the week from March 31 to April 6.

This decision was made after a week of strong market fluctuations, with BTC soaring to a peak of $87,000 on April 2 after starting the week at around $82,000.

The price of Bitcoin from March 31, 2025, to April 7, 2025 | Source: CoinGeckoBTC fell below $80,000 on April 6, a significant decrease compared to the average purchase price of 22,000 BTC from Strategy, which was announced on March 31.

The top asset has also dropped by more than 5% today, April 7, hitting a local bottom around $74,508, the lowest since November 6, 2024.

Strategy reports unrealized losses of 5.91 billion USD on digital assets in Q1

During the period from March 31 to April 6, Strategy did not sell any Class A common stock. The company tends to use the capital from stock sales to fund its Bitcoin purchases, the filing states.

As of April 7, Strategy has held a total of 528,185 Bitcoins purchased for $35.6 billion or at an average price of $67,458 per BTC.

Form 8-K Report of Strategy | Source: SEC "Our unrealized loss on digital assets for the quarter ending March 31, 2025, is $5.91 billion, with the net loss for the quarter ending March 31, 2025, partially offset by related income tax benefits of $1.69 billion," the supplementary filing states.

"Bitcoin is the most volatile because it is the most useful"

While Strategy avoided buying Bitcoin last week, the co-founder and former CEO of the company, Saylor, continued to post about the superiority of this cryptocurrency asset on social media.

"Bitcoin is the most volatile because it is the most useful," Saylor wrote in a post on X on April 3, shortly after BTC dropped from a weekly high of around $87,100 on April 2 to below $82,000, following the announcement of tariffs by U.S. President Donald Trump.

"The market's reaction to tariffs is a reminder that: inflation is just the tip of the iceberg," Saylor wrote in another post on X.

"Capital must face dilution due to taxes, regulations, competition, obsolescence, and unforeseen events. Bitcoin provides resilience in a world full of potential risks," he added.

You can see the price of BTC here.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.

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Viet Cuong

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