Michael Saylor’s Strategy halts Bitcoin buys despite dip below $87K
Strategy paused Bitcoin purchases last week as BTC fell below $87,000, disclosing a $5.91 billion unrealized loss in Q1, according to SEC filings.
Michael Saylor’s firm Strategy, the world’s largest publicly listed corporate holder of Bitcoin, did not add to its BTC holdings last week as the cryptocurrency’s price dropped below $87,000.
In a filing with the US Securities and Exchange Commission on April 7, Strategy announced it made no Bitcoin (BTC) purchases during the week of March 31 to April 6.
The decision followed a week of heightened market volatility, with BTC surging to as high as $87,000 on April 2 after starting the week at around $82,000, according to data from CoinGecko.
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