Michael Saylor Teases New Bitcoin Purchase After $711M Capital Raise

Saylor Suggests Future BTC Buy After Stock Sale Strategy co-founder and executive chairman Michael Saylor has once again stoked rumors in the crypto space, this time hinting at a future Bitcoin (BTC) buy. The suggestion came shortly after the company raised approximately $711 million from its recent preferred stock sale. On March 21, Strategy offered the new stock at $85 per share with a 10% coupon. The infusion of capital significantly enhances the liquidity of the company, and most view it as an indication of another Bitcoin acquisition — a trend observed in earlier cycles. “Needs More Orange”: Saylor’s Subtle Hint Saylor posted a Bitcoin price chart on X (formerly Twitter) over the weekend, with the cryptic caption, “needs more orange.” Saylor has a history of teasing Strategy’s BTC purchases with subtle tweets, and his tweet has fueled speculation of another new BTC purchase when regular markets reopen on Monday. Strategic Accumulation Resumes Strategy’s most recent Bitcoin buy was on March 17, when it bought 130 BTC for about $10.7 million. Although relatively small, this ended a two-week break following a 12-week consecutive buying streak from November 2024 to January 2025. According to SaylorTracker, the firm now holds 499,226 BTC — one of the largest corporate BTC treasuries — with unrealized profits of more than $9.3 billion, 28% higher than its average cost basis. Evangelizing Bitcoin Dominance At the recent Blockworks Digital Asset Summit, Saylor reasserted his bullishness by stating: “There is only one commodity in the history of the human race that was not a garbage investment — Bitcoin.” Saylor keeps pushing for broader BTC adoption, urging public companies and even the U.S. government to hold Bitcoin as a reserve asset. His continuous promotion and regular buying have made Strategy a pioneer in institutional crypto adoption. Markets wait patiently for the next step, with everyone’s eyes still on Strategy’s wallet — and Saylor’s X feed.