Michael Saylor Says ‘Needs More Orange’, Hinting at More Bitcoin Buys After Strategy Raises $711M

Michael Saylor Hints at Fresh Bitcoin Purchase as Strategy Raises $711 Million

Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has once again signaled another Bitcoin acquisition.

In a Sunday post on X, he shared a BTC price chart with the cryptic message that suggests an imminent purchase as traditional markets reopened:

“Needs more orange.”

The hint follows the company’s recent capital raise, which saw Strategy sell a tranche of preferred stock at $85 per share with a 10% coupon.

The sale is expected to generate approximately $711 million, bolstering its already aggressive Bitcoin buying strategy.

Strategy’s Bitcoin Holdings Near 500K BTC Amid Market Fluctuations

Despite market volatility, Strategy remains the largest corporate holder of Bitcoin.

The company last acquired 130 BTC on 17 March, valued at $10.7 million, bringing its total holdings to 499,226 BTC, according to SaylorTracker.

This marked one of Strategy’s smallest recorded purchases and came after a two-week pause.

Historically, Strategy’s Bitcoin acquisitions have been closely watched by investors, often triggering renewed market optimism.

The company’s continued accumulation has repeatedly aligned with price recoveries, though analysts remain split on whether another purchase would be enough to drive Bitcoin to new highs or if further corrections are necessary.

Saylor Urges US Government to Secure 25% of Bitcoin Supply by 2035

Michael Saylor’s Bitcoin advocacy extends beyond corporate investments.

He has been vocal in urging the US government to expand its Bitcoin reserves, proposing that it secure 25% of the total supply by 2035—coinciding with the point when 99% of all Bitcoin will have been mined.

He also outlined a policy framework titled "A Digital Assets Strategy to Dominate the 21st Century Global Economy", calling for a structured regulatory approach to digital assets.

Saylor’s stance has influenced numerous publicly traded companies to follow Strategy’s lead in adopting Bitcoin as a treasury reserve asset.

Bitcoin’s Price Hovers Below Its All-Time High

Bitcoin is currently trading between $84,034 and $86,640, with a market capitalisation of nearly $1.7 trillion and a 24-hour trading volume of $14.53 billion.

The cryptocurrency remains 21.4% below its peak on 20 January 2025.

Despite recent fluctuations, Strategy remains significantly profitable on its Bitcoin investment, sitting on more than $12 billion in unrealised gains.

Saylor Doubles Down on Bitcoin as the Ultimate Commodity

At the recent Blockworks Digital Asset Summit, Saylor delivered a speech titled “21 Truths of Bitcoin”, where he reiterated his belief in Bitcoin’s dominance over traditional assets.

He told the audience,

“Gold still underperforms the S&P Index by a factor of two or more, so there is only one commodity in the history of the human race that was not a garbage investment — the one commodity is Bitcoin — a digital commodity.”

With Saylor hinting at another purchase, Bitcoin watchers are anticipating Strategy’s next move, which could once again influence market sentiment.