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MicroStrategy has unexpectedly paused its aggressive Bitcoin accumulation strategy amid a sharp downturn in the crypto market. With Bitcoin (BTC) dipping below $80,000, the firm—recently rebranded as Strategy—did not make any BTC purchases between March 31 and April 6. This break marks a rare deviation from its typical biweekly acquisition pattern, largely funded through stock sales.
$MSTR – *STRATEGY ACQUIRED 0 BITCOIN DURING PERIOD MARCH 31 TO APRIL 6
— *Walter Bloomberg (@DeItaone) April 7, 2025
Just a week earlier, the company made headlines with a $1.92 billion purchase of 22,048 BTC—one of its largest acquisitions to date. That came on the heels of another substantial buy: 6,911 BTC for $584 million. In Q1 alone, MicroStrategy acquired 80,715 BTC at an average price of $94,922, investing $7.66 billion.
The company’s total Bitcoin holdings now sit at 528,185 BTC, valued at a cumulative $35.63 billion. But the recent price crash has put these assets under water, pushing unrealized losses to $5.91 billion in Q1 alone. With Bitcoin’s average acquisition cost for MicroStrategy at $67,458, the current market drop has analysts warning of a potential sell-off—especially if prices dip further.
Although any sale would likely be executed over-the-counter to avoid market disruption, investor confidence could still suffer. Given that MicroStrategy controls over 2% of Bitcoin’s total circulating supply, even speculation of liquidation could intensify bearish sentiment.
Adding to the pressure is MicroStrategy’s stock (MSTR), which has dropped over 13%, trading around $256 according to Nasdaq data. The decline, while partially tied to Bitcoin’s fall, is also linked to broader market woes sparked by former President Donald Trump’s newly proposed tariffs.
The S&P 500 plunged 3.5% at the open and now teeters on the edge of a bear market, with the Nasdaq following closely. MSTR has erased all its early-year gains and is now down 8% year-to-date, with more volatility likely if trade tensions escalate.
Also Read: MicroStrategy Seeks $21B to Expand Bitcoin Holdings—Will BTC See Another Rally?
With mounting losses and market instability, MicroStrategy’s next move could be a pivotal moment for Bitcoin’s near-term trajectory.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
