- Strategy (formerly MicroStrategy) holds 528,185 Bitcoin valued at approximately US$40.43 billion, with 275,965 BTC acquired since Trump’s election in November 2024.
- The company reported unrealised losses of US$5.91 billion for Q1 ending March 31, despite a US$1.69 billion tax benefit, setting it up for a quarterly net loss.
- Bitcoin dropped significantly following Trump’s sweeping tariffs, falling as low as US$74,000 before recovering slightly to trade at US$79,184.
- Strategy warns that continued market downturn could “adversely affect our ability to satisfy our financial obligations” despite Saylor’s “don’t sell your Bitcoin” philosophy.
It’s strange times when non-events make the headlines, but here we are: Michael Saylor’s Strategy (formerly known as MicroStrategy) has not bought any Bitcoin between March 31 and April 6, 2025.
Which is remarkable, because for one, buying Bitcoin is precisely Saylor’s Strategy’s strategy (clever isn’t it), but also because BTC is down, trading at a steep discount.
Related: Arthur Hayes and Jim Cramer Warn of Further Market Crash: Repeat of 1987 Black Monday?
Whether you are in the camp that believes the current Bitcoin price represents a dip-buying opportunity, or if you’re a fan of the old adage ‘don’t try and catch a falling knife’, buying BTC is what Strategy does.
“Don’t Sell Your Bitcoin”, Says Saylor, Sticks to Guns
While they didn’t buy any BTC they also didn’t panic sell. Saylor has often said “you never sell your Bitcoin”.
True to his words, the company still holds a substantial amount of Bitcoin, totalling 528,185, which was valued at approximately US$40.43 billion (AU$67.22 billion) as of the latest filing.
Following the November 2024 presidential election, the company has aggressively expanded its Bitcoin portfolio by purchasing an additional 275,965 Bitcoin.
As of April 6, Saylor’s Bitcoin has been bought for an average US$67,458 (AU$112,638).
Despite the substantial value of their assets, the volatility in price has led to significant unrealised losses totalling US$5.91 billion (AU$9.82 billion) for the quarter ending March 31 – despite a US$1.69 billion (AU$2.82 billion) income tax benefit.
Trump Tariffs Crash Markets, Can Saylor’s Strategy Recover?
In the wake of Donald Trump’s sweeping tariffs, markets crashed, sending major indices around the world plummeting and causing trillions of dollars to evaporate.
Bitcoin and crypto also dropped significantly, with the OG crypto going down by as much as 11% at some point. BTC went as low as US$74k (AU$123.4k) and is currently up 0.59% on the daily chart, trading for US$79,184 (AU$132,106).
Related: Acting SEC Chair Uyeda Orders Review of Crypto Regulations to Boost Deregulation
MicroStrategy may find it difficult to move back into profitable waters, especially if conditions continue to tighten, as “a significant decrease in the market value of our bitcoin holdings could adversely affect our ability to satisfy our financial obligations”, Strategy said.
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