Saylor's Strategy discloses nearly $6 billion in Q1 unrealized losses as selloff halts bitcoin buying spree
Quick Take
- Strategy reported unrealized losses on its Bitcoin holdings worth $5.91 billion in Q1 after spending about $7.66 billion buying 80,715 BTC during the quarter.
- The firm has not purchased any new BTC so far in the second quarter, leaving its total holdings at 528,185 BTC valued at over $43 billion as of March 31.
Strategy, formerly MicroStrategy, disclosed $5.91 billion in unrealized losses on its Bitcoin treasury during the first quarter of 2025 as macro-driven policies triggered a steep decline in digital asset markets.
The company also did not buy any new BTC between March 31 and April 4 due to zero patranoge for its class A common stock, MSTR, and STRK, its perpetual strike preferred offering within that period, according to an 8-K filed with the U.S. Securities and Exchange Commission on Monday.
During the first quarter, Strategy bought 80,715 BTC for $7.66 billion in cash proceeds from its at-the-market equity offering program. While the firm acquired bitcoin for an average price of $94,922 in the quarter, the price of bitcoin closed below $84,000 and fell 11.82% per CoinGlass data, marking its worst quarterly performance since 2018. The price action extended Strategy's unbooked losses for the previous quarter.
As of April 7, the Bitcoin-centric firm holds 528,185 BTC in total. Since 2020, Strategy has spent roughly $36 billion accumulating its bitcoin treasury for an average price of $ 67,458. Its BTC cache— valued at more than $43 billion — amounts to nearly 3% of Bitcoin’s total supply of 21 million coins. Strategy ended its first-quarter BTC buying spree by adding 22,048 bitcoin for $1.9 billion in cash.
MSTR swept by global market shakedown
The aftermath of last week's "Liberation Day" tariff event mauled global financial markets ahead of U.S. trading hours. Panic among investors sunk Asian stocks and compressed the total cryptocurrency market by over 10% in the past 24 hours, shrinking the industry’s market capitalization to $2.5 trillion.
The GMCI 30, which tracks the top 30 digital assets by valuation, fell almost 12% within the same period, according to The Block's data. MSTR, like most of Wall Street, buckled under similar pressure and shed significant value. Strategy’s stock was down more than 8% in pre-market trading on Monday, according to TradingView.
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