BTC
$76,123.92
–
7.59%
ETH
$1,497.75
–
14.75%
USDT
$0.9993
–
0.01%
XRP
$1.7675
–
14.22%
BNB
$541.50
–
6.78%
USDC
$0.9999
–
0.00%
SOL
$101.57
–
11.88%
TRX
$0.2253
–
5.63%
DOGE
$0.1387
–
13.61%
ADA
$0.5388
–
13.24%
LEO
$8.9181
–
1.32%
TON
$3.0076
–
8.04%
LINK
$10.76
–
11.47%
XLM
$0.2196
–
10.72%
AVAX
$15.52
–
8.49%
SHIB
$0.0₄1089
–
7.56%
SUI
$1.8373
–
12.57%
OM
$6.0872
–
1.69%
HBAR
$0.1365
–
11.33%
BCH
$261.74
–
9.64%
By James Van Straten, AI Boost|Edited by Stephen Alpher
Apr 7, 2025, 1:36 p.m.
- Strategy did not acquire any bitcoin between March 31 and April 6; total holdings remain at 528,185 BTC.
- The company expects to book nearly a $6 billion loss on its bitcoin holdings in the first quarter.
- The average purchase cost on Strategy’s bitcoin stack has risen to nearly $67,500 versus the current price of $77,000.
Its capital raising efforts likely on hold amid the market panic, Strategy (MSTR) did not add to its bitcoin (BTC) holdings last week.
Additionally, the company expects to report a net loss for the first quarter due to a $5.91 billion unrealized loss on its bitcoin holdings, according to a filing Monday morning. This follows the adoption of new accounting rules requiring crypto assets to be marked to market. A $1.69 billion tax benefit is expected to partially offset the loss.
STORY CONTINUES BELOW
Strategy raised a total of $7.69 billion during the quarter, $4.4 billion of that from common stock sales and the rest from preferred stock issuance. Most or all of those funds were used to purchase bitcoin at far higher prices than the current $77,000.
Indeed, the average purchase price on the company’s 528,185 BTC stack has risen to nearly $67,500, meaning the company is ahead only about 14% on its holdings.
MSTR shares are lower by 9% in early Monday action, now down by 10% year-to-date but still ahead 77% year-over-year.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
