Bitcoin holds the line after bumpy week

Much has been said about bitcoin “decoupling” from risk assets amid the tariff war that’s wreaking havoc on markets globally, with Grayscale going so far as to say tariffs and inflation could be positive for bitcoin. 

This week bitcoin felt very coupled, as it continued to seesaw amid global economic uncertainty, dropping to $75,000 on Tuesday and then soaring to $82,000 following President Trump’s announcement of a 90-day pause on most tariffs. Then it dropped with the rest of the market yesterday. This morning, it’s back to hovering around $82,000, basically where it was last Friday.

Companies with bitcoin corporate reserves, which have been on a buying spree in the past few months, largely took a breather. 

Strategy, the largest corporate holder at 528,285 bitcoin, has not made any purchases since March 31, despite the dip.

The company released a regulatory filing on April 7, which triggered an avalanche of rumors about whether it would be forced to sell its bitcoin.

“As bitcoin constitutes the vast bulk of assets on our balance sheet, if we are unable to secure equity or debt financing in a timely manner, on favorable terms, or at all, we may be required to sell bitcoin to satisfy our financial obligations,” the filing said.

Strategy has never sold a single bitcoin since it started buying it in 2020. Cofounder Michael Saylor, at least on social media, remains unbothered by outside factors, tariffs or otherwise.

“Bitcoin is powered by Chaos,” he posted on X, as well as, “Bitcoin is the Best Idea. There is no Second Best.” 

Companies that did update their bitcoin holdings include CleanSpark, which produced 706 bitcoin in March and now holds 11,869 in its reserve. Mining company Bitfufu also increased its bitcoin holdings, adding 47 bitcoin in the month to bring its total to 1,847.