- Strategy holds 528,185 BTC, paused purchases after March amid market volatility.
- $7.69B raised in Q1 2025; no stock sales or ATM activity during early April.
- BTC drop impacts $25.73B in recent buys, causing $4.6B in unrealized losses.
Strategy has not added to its Bitcoin holdings since the end of March, as confirmed in its latest U.S. Securities and Exchange Commission (SEC) filing. The company currently holds 528,185 BTC, valued at approximately $40.43 billion at current market prices.
Despite ongoing volatility in the crypto market, including a decline in Bitcoin’s value over the past 24 hours, the firm made no purchases from March 31 to April 6, 2025. This pause follows five months of aggressive accumulation.
On April 7, Strategy submitted a Form 8-K outlining its Bitcoin position and capital activity for the prior week. The document confirmed that no new Bitcoin was acquired, leaving the company’s holdings unchanged.
The overall purchase cost stands at approximately $35.63 billion, with an average acquisition price of $67,458 per BTC. No sales of its class A common stock or Perpetual Strike Preferred Stock occurred during the reporting period, and no activity took place under its ATM programs either.
Capital Raises Conclude Q1
In the first quarter of 2025, Strategy made $7.69 billion in net proceeds from capital market activity. This includes $563.3 million raised through a Perpetual Strike Preferred Stock offering on February 5 and $30.4 million through its STRK ATM program by March 31.
These figures follow the company’s 10-for-1 stock split executed on August 7, 2024. Strategy noted that the financial data had not yet undergone an independent audit by KPMG LLP.
Recent Buying Activity and Average Cost
Blockchain data from Lookonchain shows that Strategy increased its Bitcoin holdings over the past five months, purchasing 275,965 BTC since November 2024. These acquisitions were made at an average price of $93,228 per coin, translating to an investment of around $25.73 billion. The higher purchase prices have resulted in an estimated unrealized loss of $4.6 billion for that segment.
During Q1 2025, the company made several large purchases, including 22,048 BTC, between March 24 and March 30 at an average price of $86,969. Earlier purchases included 20,356 BTC in February and 11,000 BTC in January, both acquired above the $97,000 mark. The highest purchase was in November 2024, when 55,500 BTC were bought at an average of $97,862.
However, at the time of writing, Bitcoin’s price has recovered to around $77,000 after dropping late Sunday from $83,000 to below $74,500. Since yesterday, the crypto market value has been reduced by 6.8%, while its value has decreased by 10.7% throughout the previous month. The cryptocurrency market suffers from market weakness because the Nasdaq and S&P 500 experienced monthly drops of approximately 9.9% and 9.6%, respectively.
