Rephrased Article on Strategy Co-founder Michael Saylor's Bitcoin Purchase

# Cryptocurrency

# Bitcoin

# Bitcoin - BTC

Rephrased Article on Strategy Co-founder Michael Saylor's Bitcoin Purchase

Strategy co-founder Michael Saylor hinted at a potential Bitcoin purchase following the company's recent capital raise through a preferred stock offering. Saylor shared a Bitcoin chart on Sunday, suggesting another BTC acquisition the next day when traditional markets reopen. The company's latest BTC purchase of 130 BTC on March 17 brought its total holdings to 499,226 BTC. This acquisition marked one of the smallest purchases after a two-week buying hiatus. Additionally, Strategy announced the pricing of its preferred stock at $85 per share with a 10% coupon, expecting to generate around $711 million in revenue. Saylor advocates for Bitcoin adoption, urging the US government to acquire 25% of the total supply by 2035. He also proposed a comprehensive digital assets framework in a document titled 'A Digital Assets Strategy to Dominate the 21st Century Global Economy.' Despite market fluctuations, Strategy remains profitable with over $9.3 billion in unrealized gains from its BTC investment.