Michael Saylor Teases Imminent Bitcoin Purchase Following Recent Capital Raise

Michael Saylor, the co-founder of Strategy, has hinted at a potential Bitcoin (BTC) acquisition in the near future after the company raised significant capital through its recent preferred stock offering. This latest development follows a break in Strategy's recent Bitcoin buying spree, which had seen consecutive purchases over a 12-week period between November 2024 and January 2025.

Saylor made waves on social media with a cryptic tweet on Sunday, sharing a Bitcoin chart alongside the playful caption, "needs more orange," a subtle hint at an upcoming BTC purchase. He further suggested that the purchase would likely take place the following day when traditional financial markets reopen.

Recent Bitcoin Purchases and Capital Raise

The most recent addition to Strategy's Bitcoin holdings came on March 17, when the company acquired 130 BTC, valued at approximately $10.7 million, bringing its total holdings to 499,226 BTC. This particular purchase marked one of the smallest acquisitions on record for the company and came after a two-week hiatus in buying.

On March 21, Strategy announced the pricing of its latest preferred stock offering, which raised $711 million for the company. The preferred stock was sold at $85 per share, offering a 10% coupon. This capital raise positions Strategy to continue its aggressive Bitcoin acquisition strategy in the months ahead.

Saylor's Vision for Bitcoin and US Government Adoption

Michael Saylor has long been an advocate for Bitcoin, not only encouraging private corporations to adopt the digital asset but also pushing for broader adoption at the national level. In a recent statement, he proposed that the U.S. government should aim to acquire 25% of Bitcoin's total supply by 2035, coinciding with the year when 99% of all Bitcoin will have been mined.

Saylor's vision also extends to the regulatory landscape, as he advocates for a comprehensive framework for digital assets. He presented his proposal, titled A Digital Assets Strategy to Dominate the 21st Century Global Economy, urging the U.S. government to recognize the value of Bitcoin and other digital commodities as a strategic asset.

Bitcoin: A Digital Commodity with Unmatched Potential

At a recent Blockworks Digital Asset Summit, Saylor reinforced his belief in Bitcoin’s superior value compared to traditional assets. He highlighted the historical underperformance of gold, which has trailed the S&P Index by a factor of two or more, claiming, “there is only one commodity in the history of the human race that was not a garbage investment — the one commodity is Bitcoin.”

Despite the recent volatility in the cryptocurrency market, Strategy’s Bitcoin investment has been highly profitable. The company is currently sitting on over $9.3 billion in unrealized gains, with an overall increase of more than 28% on its Bitcoin holdings.

As Strategy continues to build its Bitcoin reserves and Saylor advocates for broader institutional and governmental adoption of the digital currency, the future of Bitcoin and its role in the global economy remains a key focus for investors and policymakers alike.