$BTC Michael Saylor anticipates a new purchase of Bitcoin after a $1 billion stock offering.
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Michael Saylor hints at another Bitcoin purchase with a cryptic message after Strategy raises $1 billion through a preferred stock offering to boost its BTC accumulation.
Michael Saylor, co-founder and executive chairman of Strategy, published a chart of the company's Bitcoin holdings on June 8, indicating a possible upcoming acquisition.
On June 8, Saylor posted "Send More Orange" on X. Saylor's cryptic posts are often followed by announcements of new Bitcoin (BTC) purchases. If Strategy accompanies the post with another BTC purchase, it will mark the ninth consecutive week of Bitcoin buying by the company.
The post comes shortly after the company bought an additional 705 BTC between May 26 and June 1 for about $75 million at an average price of $106,495 per coin, raising the company's total Bitcoin holdings to 580,955 BTC, currently valued at approximately $61.4 billion.
SaylorTracker data shows that the company has a gain of approximately 50% on its investment, which amounts to around $20.6 billion in unrealized gains.
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