Michael Saylor’s company, Strategy, halted its Bitcoin purchases during a period of global financial instability, according to a filing submitted to the U.S. Securities and Exchange Commission on April 7.
The pause marks a shift in the firm’s usual aggressive Bitcoin acquisition strategy and comes as digital asset markets react to fresh geopolitical risks.
The Virginia-based company, known for holding a large BTC treasury, began accumulating the cryptocurrency in 2020 under Saylor’s leadership and currently holds 528,185 BTC. The document also disclosed that Strategy logged $5.91 billion in unrealized losses during the first quarter of 2025.
A legal filing dated April 7 revealed that Strategy did not purchase any Bitcoin between March 31 and April 6.
On April 7, he escalated the situation further by threatening to raise tariffs on Chinese goods from 34% to 50% unless Beijing removed its retaliatory measures.
Trump’s latest policy move imposed a 10% tariff on goods from nearly every foreign country, sending global markets into disarray.
Despite his support for Trump in the past, billionaire investor Bill Ackman publicly criticized the new tariff policies, urging an immediate reversal.
“To state the obvious, it does not help our country’s and our president’s negotiating position to be trying to strike deals while our market is collapsing,” Ackman said in an April 7 post.
“Be Strong, Courageous, and Patient, and GREATNESS will be the result,” Trump posted on X.