The main reason for such financial losses was a noticeable decline in the price of Bitcoin, caused by the instability of the global economy and unfavorable macroeconomic conditions.
Between January and March, Strategy purchased 80,715 BTC, spending $7.66 billion on this. The average purchase price was $94,922 per Bitcoin, while at the end of the quarter, its value fell to below $84,000.
According to Coinglass, the price of Bitcoin fell by 11.82% in three months, which was the worst quarterly performance since 2018.
Since the end of the first quarter, that is, after March 31, the company has not made any additional purchases of Bitcoin. As of April 7, Strategy holds 528,185 BTC in its reserves, worth more than $43 billion. This amount is equivalent to almost 3% of the entire supply of bitcoin in circulation.
In the previous quarter, Strategy increased its reserves by 22,048 BTC, spending $1.9 billion.
The decline in the company's assets is due to the global decline in cryptocurrency and financial markets, caused by the introduction of "liberating tariffs" by US President Donald Trump. TradingView data shows that Strategy (MSTR) shares are down more than 8% in premarket trading.