Catenaa, Wednesday, April 09, 2025-Strategy, formerly known as MicroStrategy, reported $5.91 billion in unrealized losses on its Bitcoin holdings for the first quarter of 2025, after acquiring 80,715 BTC for $7.66 billion amid a broader market downturn.
The company confirmed it has not purchased any new bitcoin since March 31, citing lack of investor interest in its Class A common stock and STRK, its preferred equity product. As of March 31, Strategy held 528,185 BTC—valued at more than $43 billion—accounting for nearly 3% of Bitcoin’s total supply.
The average purchase price for its Q1 Bitcoin acquisitions was $94,922, while Bitcoin’s price closed the quarter below $84,000, dropping 11.82%, according to CoinGlass. It marked Bitcoin’s worst quarter since 2018 and deepened Strategy’s unrealized losses.
The company has spent approximately $36 billion building its bitcoin treasury since 2020, with an average cost basis of $67,458 per BTC. In the final days of Q1, Strategy added 22,048 BTC for $1.9 billion.
Market chaos intensified last week following a global sell-off linked to the “Liberation Day” tariff shock, which triggered steep losses across equities and crypto markets. The cryptocurrency sector shed more than 10% in 24 hours, dropping to a total market capitalization of $2.5 trillion.
Strategy’s stock tumbled over 8% in pre-market trading on Monday, as the GMCI 30 index tracking the top crypto assets plunged nearly 12%.
