Michael Saylor, co-founder of Strategy, has hinted at another upcoming Bitcoin (BTC) purchase after the company secured additional funds through its latest preferred stock offering this week.

In a post on X, Saylor shared a Bitcoin chart on Sunday with a playful caption, “needs more orange,” suggesting a potential BTC acquisition the following day when traditional markets reopen.

As per data from SaylorTracker, Strategy’s most recent Bitcoin purchase took place on March 17, when the company added 130 BTC—valued at $10.7 million—to its reserves. This brought Strategy’s total Bitcoin holdings to 499,226 BTC. Notably, the March 17 acquisition was one of its smallest purchases on record and followed a two-week pause in buying.

On March 21, Strategy announced the pricing of its new round of preferred stock, which was offered at $85 per share with a 10% coupon. The company expects to raise approximately $711 million from this offering.

Michael Saylor remains a vocal advocate for Bitcoin, encouraging publicly traded companies to adopt BTC as a treasury asset. He has also urged the US government to acquire Bitcoin, proposing that it purchase 25% of the total BTC supply by 2035—when nearly all of Bitcoin’s 21 million coins will have been mined.


Source: SaylorTracker

Saylor has called for the US to implement a comprehensive regulatory framework for digital assets, detailed in his proposal titled A Digital Assets Strategy to Dominate the 21st Century Global Economy.

Speaking at the recent Blockworks Digital Asset Summit, Saylor delivered his talk, 21 Truths of Bitcoin, where he stated:

"Gold still underperforms the S&P Index by two times or more. In the entire history of mankind, there’s been only one commodity that hasn’t been a garbage investment—that commodity is Bitcoin, a digital asset."

Despite recent volatility in the crypto market, Strategy’s BTC investment is still showing strong results. The company is up over 28% on its Bitcoin holdings, with more than $9.3 billion in unrealized gains.