{"id":21213,"date":"2025-04-09T05:31:51","date_gmt":"2025-04-09T05:31:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21213"},"modified":"2025-04-09T05:31:51","modified_gmt":"2025-04-09T05:31:51","slug":"bitcoin-falls-below-80k-and-michael-saylor-takes-a-rain-check-on-buying","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21213","title":{"rendered":"Bitcoin Falls Below $80K, And Michael Saylor Takes A Rain Check On Buying"},"content":{"rendered":"
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The corporate world\u2019s biggest Bitcoin holder has stopped buying more of the cryptocurrency as prices fell sharply last week. According to recent filings, Strategy reported a massive $5.91 billion unrealized loss for the first quarter of 2025, though this blow was softened by a $1.69 billion tax benefit.<\/p>\n

Strategy Hits Pause Button On Bitcoin Buys<\/strong><\/h2>\n

In documents filed with the US Securities and Exchange Commission on April 7, Strategy disclosed it made no Bitcoin purchases<\/a> from March 31 to April 6. This break from buying comes after a period of price swings in the cryptocurrency market. The company held steady with its 528,185 BTC, bought at an average price of $67,458 per coin, with total spending reaching $35.6 billion.<\/p>\n

The timing of Strategy\u2019s decision lines up with the top crypto\u2019s recent price drops. After climbing to $87,000 on April 2, Bitcoin fell<\/a> below $82,000 and later sank under the $80,000 mark on April 6.<\/p>\n

Company Faces Billions In Paper Losses<\/strong><\/h2>\n

A filing with the Securities and Exchange Commission showed Strategy\u2019s $5.91 billion unrealized loss during the quarter to March 31, 2025. Scary as that sounds, the company is anticipating a corresponding tax benefit of $1.69 billion to partially mitigate the loss.<\/p>\n

<\/p>\n

The \u201cpaper losses\u201d take into account the current market price versus how much Strategy actually paid, but aren\u2019t real money lost unless the company sells what it has.<\/p>\n

Strategy also paused its usual practice of selling shares of class A common stock during this period. The company typically uses money from these sales to fund its Bitcoin purchases.<\/p>\n

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Bitcoin is most volatile because it is most useful. https:\/\/t.co\/XzCNHrdsh0<\/a><\/p>\n

\u2014 Michael Saylor\"\u26a1\" (@saylor) April 4, 2025<\/a><\/p>\n<\/blockquote>\n

Saylor Remains Vocal Bitcoin Supporter<\/strong><\/p>\n

Despite the buying pause, Michael Saylor, Strategy\u2019s CEO and co-founder, has kept up his public support<\/a> for Bitcoin. On April 3, just after BTC dropped from $87,100 to $82,000 following US President Donald Trump\u2019s tariff announcement, Saylor shared on X (formerly Twitter) that the coin\u2019s volatility was actually a sign of its usefulness.<\/p>\n

In another post, Saylor wrote: \u201cToday\u2019s market reaction to tariffs is a reminder: inflation is just the tip of the iceberg.\u201d He argued that Bitcoin offers protection against factors that typically reduce capital value, including taxes, regulations, competition, outdated technology, and unexpected events.<\/p>\n

Market Watches Strategy\u2019s Next Move<\/strong><\/p>\n

Financial experts and cryptocurrency investors are paying close attention to what Strategy does next. The company\u2019s large-scale Bitcoin purchases have often affected both prices and market confidence in the past.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The corporate world\u2019s biggest Bitcoin holder has stopped buying more of the cryptocurrency as prices fell sharply last week. According to recent filings, Strategy reported a massive $5.91 billion unrealized loss for the first quarter of 2025, though this blow was softened by a $1.69 billion tax benefit. Strategy Hits Pause Button On Bitcoin Buys […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21213","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21213"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21213\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}