Key Takeaways:
- Michael Saylor hinted at another Bitcoin buy following MicroStrategy’s $1B preferred stock offering.
- MicroStrategy has acquired Bitcoin for nine consecutive weeks, now holding 580,955 BTC worth over $61B.
- The firm remains the largest public Bitcoin holder, with $20.6B in unrealized profit and a 50% gain.
MicroStrategy executive chairman Michael Saylor has hinted at another Bitcoin purchase following the company’s recent $1 billion stock offering.
On June 8, Saylor posted “Send more Orange” on X, a phrase often interpreted by followers as a signal for upcoming BTC acquisitions.
Send more Orange pic.twitter.com/QaLJWkLrVN
— Michael Saylor (@saylor) June 8, 2025
If confirmed, it would mark the ninth consecutive week of Bitcoin buying by the company.
Between May 26 and June 1, MicroStrategy acquired 705 BTC for $75 million at an average price of $106,495, bringing its total holdings to 580,955 BTC, valued at around $61.4 billion.
According to SaylorTracker, the firm’s Bitcoin investment has an unrealized profit of approximately $20.6 billion, representing a gain of about 50%.
The new stock offering consists of 11.76 million shares of 10% Series A Perpetual Preferred Stock priced at $85 each, with expected net proceeds of $979 million.
Funds will support further Bitcoin purchases and general corporate needs.
MicroStrategy remains the largest known corporate Bitcoin holder, owning nearly 12x more than the next biggest public company, Mara Holdings.
The firm continues to act as a proxy for Bitcoin exposure in traditional financial markets.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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