Strategy Reports $5.91 Billion in Unrealized Bitcoin Losses for Q1 2025

In its first-quarter 2025 filing, Strategy (formerly known as MicroStrategy) revealed a significant $5.91 billion in unrealized losses on its Bitcoin holdings, reflecting the downturn in digital asset markets driven by macroeconomic policies.

The companys Bitcoin treasury has suffered as the cryptocurrency market experienced a steep decline during the period.

Bitcoin Holdings and Strategys Investment Approach

During the first quarter, Strategy continued to expand its Bitcoin treasury, purchasing 80,715 BTC for $7.66 billion through its at-the-market equity offering program. Despite acquiring Bitcoin at an average price of $94,922, the cryptocurrency saw a sharp decline, closing below $84,000, marking a significant 11.82% drop in the value of Bitcoin during the quarter. This decline represents the worst quarterly performance for Bitcoin since 2018.

The company did not make any new Bitcoin purchases between March 31 and April 4 due to a zero patronage for its Class A common stock (MSTR) and its perpetual strike preferred offering (STRK) within that timeframe, as disclosed in an 8-K filing with the U.S. Securities and Exchange Commission (SEC).

Total Bitcoin Holdings and Long-Term Investment Strategy

As of April 7, Strategy holds a total of 528,185 BTC. Since 2020, the firm has spent roughly $36 billion accumulating its Bitcoin holdings, with an average purchase price of $67,458 per coin. The Bitcoin reserves, currently valued at more than $43 billion, make up nearly 3% of Bitcoins total supply of 21 million coins.

In the first quarter of 2025, Strategy concluded its Bitcoin buying spree with an additional 22,048 BTC purchased for $1.9 billion, further solidifying its position as one of the largest corporate holders of Bitcoin.

Despite the market volatility, Strategys commitment to Bitcoin remains unchanged as it continues to focus on long-term growth in its digital asset treasury.

Kosta Gushterov

Reporter at Coindoo

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