Key Points
Michael Saylor hinted at more Bitcoin purchases with “Orange is my Preferred Color” on X, posted June 1, 2025.
Bitcoin price rose 2.3% to $68,500, with BTC/USDT volume up 18% to $1.2 billion.
MicroStrategy holds 580,250 BTC after adding 4,020 BTC on May 26, 2025.
Calls for proof of reserves spark debate over transparency.
Background
Michael Saylor, MicroStrategy’s executive chairman and a Bitcoin advocate, posted “Orange is my Preferred Color” on X on June 1, 2025, hinting at more Bitcoin purchases, given orange’s link to the crypto.
Market Reaction
Post-statement, Bitcoin surged 2.3% to $68,500, with BTC/USDT trading volume jumping 18% to $1.2 billion [2]. Ethereum hit $3,800, up 1.5%, and Litecoin rose 2.1% to $82.50, showing a broader market lift.
Strategy’s Role
Strategy, a major player, added 4,020 BTC on May 26, 2025, bringing its total to 580,250 BTC, the largest known holding [4]. Its stock (MSTR) climbed 3.5% to $1,620 on May 31, 2025, reflecting Bitcoin’s influence [4].
Controversy and Transparency
Skeptics demand proof of reserves to verify Strategy’s stash, fueling transparency debates in the crypto world.
Conclusion
Saylor’s hint at more Bitcoin buys lifted prices and volumes, with Strategy’s 580,250 BTC hoard driving market buzz. Yet, transparency concerns linger, shaping the evolving decentralized finance (DeFi) landscape.
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