Michael Saylor, the executive chairman of Strategy, has hinted at a new Bitcoin purchase following the company’s announcement of a $1 billion stock offering. On June 8, Saylor tweeted 'Send more Orange,' suggesting further acquisitions are on the horizon. Recently, Strategy added 705 BTC to its holdings, bringing the total to 580,955 BTC, valued at around $61.4 billion. This signals continued confidence in Bitcoin, with the company reportedly up 50% on its investment. The stock offering involves 11.76 million shares of Series A Perpetual Stride Preferred Stock, priced at $85 each, aimed at institutional investors attracted by non-cumulative dividends. This move marks a significant scaling up from its initial $250 million fundraising plan, with proceeds set to enhance Bitcoin purchases and cover operational expenses. With these holdings, Strategy remains the largest known Bitcoin holder, surpassing the amounts held by the U.S. and China combined, and nearly 12 times that of the second-largest holder, Mara Holdings.

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