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Bitcoin Falls Below $80K, And Michael Saylor Takes A Rain Check On Buying

  • The corporate world's biggest Bitcoin holder, Strategy, has stopped buying more of the cryptocurrency as prices fell sharply last week.
  • Strategy reported a massive $5.91 billion unrealized loss for the first quarter of 2025, but this was partially offset by a $1.69 billion tax benefit.
  • The company made no Bitcoin purchases from March 31 to April 6, following a period of price swings in the cryptocurrency market.
  • Despite the buying pause, Strategy's CEO and co-founder, Michael Saylor, continues to express public support for Bitcoin, highlighting its usefulness and protection against various factors.

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