Strategy Co-founder Hints at New Bitcoin Purchase
Strategy co-founder Michael Saylor hinted at the possibility of a new Bitcoin (BTC) purchase in a post on the Sunday X platform. In the post, he shared a BTC chart with signs of an imminent purchase, commenting: “Needs more Orange.”
At the time of publication, the price of BTC was quoted at US$86,088.13, up 2.5% in the last 24 hours.
Strategy has nearly 500 BTC in its reserves, remaining resilient in the face of market fluctuations. According to information from SaylorTracker, the company’s last acquisition took place on March 17, adding 130 BTC to its portfolio for a value of $10.7 million, reaching a total of 499.226 BTC.
Needs more Orange.
– Michael Saylor⚡️ (@saylor) March 23, 2025
After a two-week hiatus from buying, this March transaction was one of the smallest the company has ever made. On March 21, Strategy priced its most recent preferred stock issue at $85 a share, with a yield of 10 percent, expecting to raise about $711 million from the deal.
Michael Saylor is one of the most vocal proponents of Bitcoin, promoting the adoption of BTC as a treasury asset by publicly traded companies and urging the US government to increase its reserves of the cryptocurrency. Saylor proposes that the government acquire 25% of the total supply of Bitcoin by 2035, at which point 99% of BTC will have been mined.
Furthermore, Saylor proposed that the US government establish a comprehensive policy to manage all digital assets, aiming to position the country at the forefront of the global digital economy, according to his proposal “A Digital Asset Strategy to Dominate the 21st Century Global Economy.”
During his speech at the Blockworks Digital Asset Summit, Saylor highlighted Bitcoin’s superiority over gold as an investment: “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 has not been a junk investment — and that is Bitcoin — a digital commodity.”
With over 28% growth in its Bitcoin investment, the Strategy has recorded over $9.3 billion in unrealized gains despite recent market turmoil. The continuation of this accumulation strategy has been a positive sign for the market, often associated with Bitcoin price recoveries.