Michael Saylor, co-founder of Strategy, has indicated that the company is considering another Bitcoin purchase following a successful preferred stock offering. Recently, Saylor teased potential acquisitions with a chart on social media, suggesting the purchase could happen soon as traditional markets reopen. On March 17, the company bought 130 BTC, raising its total holdings to nearly 500,000 BTC. Saylor continues to advocate for Bitcoin, urging the U.S. government to secure a significant portion of Bitcoin’s supply by 2035. Despite Market fluctuations, Strategy’s Bitcoin investments remain profitable, showcasing the executive’s strong belief in Bitcoin’s potential as a key digital asset.
Strategy co-founder Michael Saylor has hinted at another potential Bitcoin purchase. This speculation comes after the company raised additional capital through a recent preferred stock offering. Saylor took to social media to share a Bitcoin chart that suggests a new acquisition may occur when traditional financial markets open. His playful message “needs more orange” has caught the attention of many in the crypto community.
According to SaylorTracker, Strategy’s last Bitcoin acquisition was on March 17, when the company bought 130 BTC, valued at $10.7 million. This brought its total Bitcoin holdings to a staggering 499,226 BTC. This recent purchase, although small, marked a notable moment after a brief pause in buying activity.
The company’s latest preferred stock offering was priced at $85 per share and offers a 10% coupon. This move is expected to generate approximately $711 million in revenue for Strategy. Saylor continues to champion Bitcoin, encouraging other publicly traded companies to adopt it as part of their treasury assets.
In an ambitious push, Saylor has called for the United States government to acquire up to 25% of Bitcoin’s total supply by 2035, coinciding with the near completion of Bitcoin mining. He also advocates for a comprehensive framework for all digital assets, emphasizing the need for a strategic approach in the evolving digital landscape.
At a recent digital asset summit, Saylor delivered a speech highlighting Bitcoin’s unique value. He asserted that Bitcoin remains the only commodity in history that isn’t considered a poor investment. Despite Market fluctuations, Strategy reports a 28% increase in its Bitcoin investments, showcasing over $9.3 billion in unrealized gains.
This ongoing momentum in Strategy’s Bitcoin acquisition strategy reinforces Saylor’s belief in the long-term potential of Bitcoin as a vital digital commodity in today’s economy.
Tags: Bitcoin, MicroStrategy, Michael Saylor, BTC acquisition, cryptocurrency news, digital assets.
What is Saylor planning to do after the latest capital raise?
Saylor is hinting that he may buy more Bitcoin (BTC) following the recent capital raise.
Why is buying Bitcoin important for Saylor?
Saylor believes in Bitcoin as a strong investment and sees it as a way to secure value for the future.
How much Bitcoin might Saylor buy?
While specific numbers aren’t mentioned, any purchase could be significant given Saylor’s history with such investments.
What is the impact of Saylor’s possible purchase on the Market?
If Saylor buys more Bitcoin, it might boost Market confidence and potentially lead to higher prices.
How can I keep up with Saylor’s investment plans?
You can follow news updates or check financial news websites for the latest on Saylor’s investment decisions.