Michael Saylor Teases Bitcoin Purchase After Latest $711M Capital Raise
Strategy co-founder sparks Bitcoin buy speculation

Michael Saylor, co-founder of Strategy, is once again stirring the Bitcoin pot. After raising $711 million through a preferred stock offering last week, Saylor dropped a subtle hint on social media that another big Bitcoin purchase may be around the corner. On Sunday, he posted a chart of Bitcoin with the caption “needs more orange,” teasing fans with the possibility of a fresh buy when markets reopened Monday.
Strategy’s last Bitcoin purchase was on March 17, when it bought 130 BTC for around $10.7 million. That marked one of the company’s smallest acquisitions to date, but it brought their total holdings to a staggering 499,226 BTC.
The recent capital raise involved selling preferred stock at $85 per share, offering a 10% annual return. With that move, Strategy is reportedly set to bring in $711 million in new funds—plenty of fuel for another major Bitcoin investment.
Saylor, a long-time Bitcoin evangelist, remains vocal in his push for broader adoption. He recently proposed that the U.S. government should acquire 25% of the entire Bitcoin supply by 2035, when nearly all coins will have been mined. He also called for a comprehensive national strategy for digital assets to secure America’s position in the global economy.
At the Blockworks Digital Asset Summit, Saylor delivered a bold speech titled “21 Truths of Bitcoin,” in which he dismissed gold and championed Bitcoin as the only worthwhile commodity investment in history.
Despite recent crypto market volatility, Strategy’s Bitcoin holdings have performed exceptionally well, with the company sitting on over $9.3 billion in unrealized gains—up more than 28% on their investment.