- Strategy pauses Bitcoin purchases despite price dropping to $74,000 range.
- Company’s total holdings remain at 528,185 BTC worth $41.68 billion.
- Recent purchases in March already showing unrealized losses as BTC declines.
Strategy, the biggest corporate owner of Bitcoin, did not purchase additional BTC in early April even as Bitcoin’s price fell as low as $74,000, according to the firm’s latest Form 8-K filing.
The report said the company purchased zero Bitcoin from March 31 through April 6, 2025, and that it didn’t sell any of its Class A common stock or perpetual convertible preferred stock through its at-the-market offering facility during these periods.
Strategy bought 29,089 Bitcoin in March
The lack of buying activity comes after an aggressive acquisition period in March when the company added a total of 29,089 BTC to its holdings. Most notably, Strategy purchased 22,048 Bitcoin for $1.92 billion on March 31, at an average price of $86,969 per coin. This recent acquisition is already showing an unrealized loss of approximately $182.1 million (-9.49%) as the cost of Bitcoin has decreased.
Strategy’s Bitcoin holding currently stands at 528,185 BTC valued at approximately $41.68 billion. That’s a 16.92% gain on its cost basis of approximately $6.03 billion in unrealized gain.
Bitcoin has been extremely volatile in the past week or so, fluctuating between a 24-hour high of $82,703.84 and a low of $74,604.47. The currency has fallen 4.6% over the past day, 4.7% over the past week and 8.9% over the past month. The price fall has impacted the paper value of Strategy’s recent purchases.
Prior to the March 31 purchase, Strategy acquired 6,911 BTC for $584.1 million on March 24 at an average price of $84,529 per coin, which is now showing an unrealized loss of approximately $39.4 million (-6.74%). An earlier March 17 purchase of 130 BTC for $10.7 million at $82,981 each is currently down by about $453,173 (-4.24%).
The company’s decision to pause Bitcoin acquisitions may be a strategic wait-and-see approach given current market conditions or could simply show timing considerations related to its capital raising activities.
