$BTC
Saylor hints at impending BTC purchase after latest capital raise
Strategy has staggered its most recent BTC purchases after a 12-week consecutive buying streak between November 2024 and January 2025.
Strategy co-founder Michael Saylor hinted at an impending Bitcoin
$85,317
purchase after the company raised additional capital this week through its latest preferred stock offering.
The executive posted the Sunday Bitcoin chart on X that signals another BTC acquisition the next day — when traditional financial markets open — with the playful message "needs more orange."
According to SaylorTracker, the company's most recent BTC acquisition occurred on March 17, when Strategy purchased 130 BTC, valued at $10.7 million, bringing its total holdings to 499,226 BTC.
Strategy's March 17 BTC auisition represents one of its smallest purchases on record and came after a two-week break in buying.
On March 21, the company announced the pricing of its latest tranche of preferred stock. The preferred stock was sold at $85 per share and featured a 10% coupon. According to Strategy, the offering should bring the company approximately $711 million in revenue.