Louisa Crawford
April 7, 2025 09:40
Michael Saylor’s company strategy cited market volatility last week and suspended its purchase of bitcoin despite the price of less than $ 87,000.
According to a recent SEC submission, the strategy of BITCOIN, the largest corporate owner of Michael Saylor and Bitcoin, recently suspended its acquisition last week according to the recent SEC submission.
In the form 8-K, which was submitted on April 7, the strategy was not purchased between March 31 and April 6, which confirmed the period labeled as a great volatility in the encryption market. According to Coingeko Data, Bitcoin has soared to $ 87,100 on April 2.
The submission also pointed out that the company did not sell Class A common stocks for the same period.
Q1 sees $ 59.1 billion due to an un realized loss.
Despite the company on the Bitcoin strategy, the company released a significant loss of $ 5.9 billion for digital assets in the first quarter of 2025. This is a total of 528,185 BTC’s total reserves, $ 35.6 billion cumulative costs, or average purchase price per BTC.
The report is expected to cause losses to the quarterly losses and to be partially offset by the expected $ 16.9 billion income tax benefits.
Saylor defends Bitcoin in volatility
The strategy was that Michael Saylor, co -founder and chairman, continued to defend Bitcoin through social media. On April 3, Saylor posted the following following the sharp drop in assets. “Bitcoin is the most useful because it is most useful.”
He also puts weight on the risk of extensive macro economy, referring to the recent tariffs of former US President Donald Trump. “Inflation is just the tip of the iceberg … Bitcoin provides elasticity in a world full of hidden risks.”
I am looking for it in the future
Purchasing decisions have been added to Bitcoin reserves over the last few years, as a rare pause for strategy. The company’s long -term position on Bitcoin is still optimistic, but the recent submission suggests a more prudent short -term position during the market change.
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