Michael Saylor is back in the spotlight. The executive chairman of Strategy (formerly MicroStrategy) is once again signaling a major Bitcoin (BTC) move. With nearly $1 billion freshly raised through a preferred stock offering, the company is clearly preparing for another BTC shopping spree. This marks the ninth consecutive week Strategy is flashing signals for a Bitcoin purchase. The crypto world is watching closely—and for good reason.
Michael Saylor’s Latest Signal: “Send More Orange”
Michael Saylor recently stirred the crypto community with a simple, cryptic post on X: “Send more Orange.” For seasoned Bitcoin watchers, this is no mystery. Saylor has made a habit of teasing Bitcoin buys through such posts—usually followed within hours by an official purchase announcement. He also shared Strategy’s BTC portfolio tracker, a move that’s now a well-known prelude to another acquisition. This comes just after the company purchased 705 BTC worth $75 million. At current prices, Strategy holds 580,955 BTC—valued at a whopping $61.4 billion. That’s more than the Bitcoin holdings of entire countries like the U.S. and China. With this momentum, many are speculating whether Saylor is aiming to break the 600,000 BTC mark soon.
Michael Saylor Pushes Forward with $1B Stock Offering
To fuel its aggressive Bitcoin buying spree, Strategy recently launched a $1 billion stock offering. Initially targeting just $250 million, the offering quickly ballooned as investor interest soared. The company is issuing 11.76 million shares of its 10% Series A Preferred Stock at $85 per share. This move is designed to attract professional investors seeking solid yields. This financing strategy marks a shift. Unlike previous bond-driven funding efforts, these preferred shares offer predictable returns. That gives Strategy more breathing room to continue buying Bitcoin without diluting common shares or taking on more debt. Saylor has made it clear: the BTC mission continues, and this fresh capital is key to that plan.
Michael Saylor’s Strategy Stock Surges with BTC
There’s a growing link between Bitcoin and MSTR, the stock ticker for Strategy. When BTC goes up, so does MSTR—and vice versa. Strategy’s deep BTC exposure makes it a go-to asset for investors wanting Bitcoin access through traditional markets. Over the past year, MSTR stock is up a massive 126%. That beats Big Tech names like Apple, Microsoft, and Tesla. Michael Saylor has been quick to highlight this outperformance. He’s positioning Strategy not just as a business intelligence firm, but as a kind of “Bitcoin ETF in disguise.” And it’s working. More investors, both retail and institutional, are seeing MSTR as a proxy for Bitcoin. As a result, demand for both the stock and BTC continues to climb.
Strategy Now Leads the Global Bitcoin Treasury Game
With over 580,000 BTC on its books, Strategy is officially the largest known Bitcoin holder in the world. That’s nearly 12 times the holdings of the next biggest player, Bitcoin miner Marathon Digital. It’s also more than what the governments of the U.S. and China hold—combined. Saylor’s relentless pursuit of Bitcoin has redefined what corporate treasury management looks like. Instead of holding cash or bonds, Strategy is betting big on digital gold. And the bet is paying off: the company now sits on around $20.6 billion in unrealized BTC profits. Saylor’s vision is bold, but so far, it’s working—and it’s changing the game.
