- Strategy co-founder Michael Saylor signals imminent Bitcoin purchase following $711 million capital raise from preferred stock offering.
- The company’s Bitcoin holdings currently stand at 499,226 BTC, with over $9.3 billion in unrealized gains despite recent market volatility.
- Saylor advocates for the US government to acquire 25% of Bitcoin’s total supply by 2035 and implement a comprehensive digital asset framework.
Michael Saylor has signaled an upcoming Bitcoin purchase for Strategy after the company secured approximately $711 million from its latest preferred stock offering. The executive posted a Bitcoin chart on social media platform X on Sunday with the playful caption “needs more orange,” a well-known signal that the company plans to acquire more of the cryptocurrency.
The anticipated purchase follows Strategy’s most recent Bitcoin acquisition on March 17, when it bought 130 BTC valued at $10.7 million. This transaction, which brought the company’s total holdings to 499,226 BTC, represents one of Strategy’s smallest purchases on record and came after an unusual two-week pause in buying activity.
On March 21, Strategy announced it had priced its latest tranche of preferred stock at $85 per share with a 10% coupon, generating approximately $711 million in revenue. This capital raise appears to be fueling the company’s continued Bitcoin accumulation strategy that has positioned it as the largest corporate holder of the cryptocurrency.
Despite recent market fluctuations, Strategy’s Bitcoin investment has performed exceptionally well. The company currently sits on over $9.3 billion in unrealized gains, representing a 28% return on investment. This performance supports Saylor’s frequent assertion that Bitcoin is the only commodity that has proven to be a worthwhile investment.
In a recent speech at the Blockworks Digital Asset Summit, Saylor emphasized this point, stating: “Gold still underperforms the S&P Index by a factor of two or more, so there is only one commodity in the history of the human race that was not a garbage investment — the one commodity is Bitcoin — a digital commodity.”
Beyond his corporate activities, Saylor continues to advocate for broader Bitcoin adoption. He recently published a proposal titled “A Digital Assets Strategy to Dominate the 21st Century Global Economy,” which urges the US government to acquire 25% of Bitcoin’s total supply by 2035 – when 99% of all Bitcoin will have been mined. The proposal also calls for a comprehensive regulatory framework for all digital assets.
Saylor’s influence extends beyond his own company’s investments. His vocal support for Bitcoin as a treasury asset has inspired dozens of publicly traded companies to follow suit, contributing to institutional adoption of the cryptocurrency.
According to tracking data from SaylorTracker, Strategy has maintained consistent Bitcoin acquisitions throughout 2025, though the size and frequency of purchases have varied. The company’s aggressive accumulation strategy shows no signs of slowing as it continues to leverage various financial instruments to fund additional Bitcoin purchases.
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