Michael Saylor, co-founder of Strategy, has hinted at another Bitcoin acquisition after the company recently secured additional funds through its latest preferred stock sale.
Saylor took to X on Sunday, sharing a Bitcoin price chart alongside the phrase “needs more orange”—a phrase he often uses before announcing a new BTC purchase. If past patterns hold, this could mean another acquisition on Monday when traditional markets reopen.
Strategy’s BTC Holdings Grow Amid Capital Raises
Data from SaylorTracker shows that Strategy’s most recent Bitcoin purchase took place on March 17, when the firm acquired 130 BTC for approximately $10.7 million. This transaction brought Strategy’s total holdings to 499,226 BTC.
This latest buy was among the company’s smallest on record and followed a brief two-week pause in acquisitions.
On March 21, Strategy announced the details of its latest capital raise, pricing a new tranche of preferred stock at $85 per share with a 10% coupon. The offering is expected to generate around $711 million in additional funds for the company.
Saylor Advocates for US Government Bitcoin Adoption
As one of Bitcoin’s most vocal advocates, Michael Saylor continues to push for broader institutional and governmental adoption of BTC as a strategic asset. He has influenced numerous publicly traded companies to hold Bitcoin in their treasuries and has even proposed that the U.S. government should acquire 25% of Bitcoin’s total supply by 2035—when nearly all BTC will have been mined.
In a proposal titled A Digital Assets Strategy to Dominate the 21st Century Global Economy, Saylor also urged policymakers to establish a clear regulatory framework for digital assets.
Bitcoin Over Gold? Saylor’s View on the Best Asset
Speaking at the recent Blockworks Digital Asset Summit, Saylor delivered his 21 Truths of Bitcoin speech, reinforcing his belief that Bitcoin is the ultimate investment. He stated:
“Gold has underperformed the S&P Index by at least a factor of two. Throughout history, every commodity has been a poor investment—except for one: Bitcoin, the world’s first true digital commodity.”
Despite market fluctuations, Strategy remains significantly in profit on its BTC holdings, sitting on over $9.3 billion in unrealized gains, with its overall investment still up by more than 28%.
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