Strategy, the world's largest publicly listed corporate Bitcoin holder, did not purchase any Bitcoin during the week of March 31 to April 6, according to an April 7 filing with the US Securities and Exchange Commission. This halt in acquisitions occurred as Bitcoin prices dropped below $87,000 as reported by BTC Peers.

The cryptocurrency market experienced significant volatility that week. Bitcoin prices began around $82,000, reached as high as $87,000 on April 2, then fell again, according to CoinGecko data.

Strategy disclosed a substantial unrealized loss on its digital assets in the filing. "Our unrealized loss for the quarter ended March 31, 2025, was $5.91 billion, which we expect will result in a net loss for the quarter," the company stated. A related income tax benefit of $1.69 billion is expected to partially offset this loss.

The pause comes amid growing institutional Bitcoin adoption. BlackRock, the world's largest asset manager, recently launched its first Bitcoin ETP in Europe, now trading on exchanges in Paris, Amsterdam, and Frankfurt. The Switzerland-based product follows BlackRock's success in the U.S., where it attracted over $50 billion into similar Bitcoin products.

As of April 7, Strategy held 528,185 Bitcoin at a total cost of $35.6 billion, making their average acquisition price $67,458 per Bitcoin. The company also reported no sales of class A common stock during this period, which it typically uses to fund Bitcoin purchases.

Despite the purchasing pause, Michael Saylor, Strategy's co-founder and former CEO, maintained his public support for Bitcoin on social media. After Bitcoin fell from its weekly high following US President Donald Trump's tariffs announcement, Saylor wrote on X: "Today's market reaction to tariffs is a reminder: inflation is just the tip of the iceberg."

On April 3, Saylor claimed, "Bitcoin is most volatile because it is most useful." He stated that Bitcoin protects against several threats to capital, including:

• Taxes
• Regulation
• Competition
• Obsolescence
• Unforeseen events

Saylor characterized Bitcoin as offering "resilience in a world full of hidden risks," continuing his public advocacy for the cryptocurrency despite his company's pause in purchases and significant unrealized losses.