Strategy, formerly known as MicroStrategy, announced that the company did not purchase any additional Bitcoin (BTC) from March 31 to April 6, 2025. During this period, there were no sales of Class A common stock or perpetual convertible preferred stock under its market offering plan either.
This move suggests that the company is being cautious due to market’s volatility. The company seems to be taking a break from buying, which could probably also mean, that the company is waiting for the market to stabilize or the company is re-evaluating their financial priorities as of now.
Unrealized Loss of $5.91 Billion
The cryptocurrency market is currently facing a downturn but the company is fully committed to its Bitcoin strategy. Bitcoin has also faced a significant dip in its price. At press time, the price of the token stands at $77,069.79 with a dip of 6.9% in the last 24 hours as per CoinGecko.
With such significant dip in the price of Bitcoin token, the company is trying to manage risks and be more careful with the finances.
Moreover, for the quarter ending March 31, 2025, Strategy has reported a huge unrealized loss of $5.91 billion on its Bitcoin investments as per Investing.com. This loss will likely result in a net loss for the quarter. However, the company expects to save a significant amount of money on taxes, which is about $1.69 billion. This savings will help offset some of the loss faced by the company.
Strategy’s Current Holdings
As of April 6, 2025, the company holds 528,185 Bitcoins, which have been bought at an average purchase price of $67,458 Bitcoin. Moreover, these BTCs cost approximately $35.63 billion in totality. With these holdings, Strategy is the world’s largest Bitcoin treasury company, with its holdings being the 2.5% of Bitcoin’s total supply.
However, the company’s stocks have shown significant resilience, with only 2% decline year-to-date.
The functioning of the company is completely dependent on Bitcoin’s performance. With the company’s current investment in the cryptocurrency, Strategy’s market capitalization is currently valued at approximately $72.6 billion, leveraging both equity and debt financings alongside operational cash flows.
Also Read: Cryptocurrency Market Crashes But Arthur Hayes is Bullish on Bitcoin
