Michael Saylor Hints at Another Major Bitcoin Purchase as Corporate Treasury Race Intensifies

Michael Saylor, executive chairman of Strategy, has once again sparked speculation in the crypto community with a cryptic post on X.

On Sunday, Saylor shared a chart of Strategy’s Bitcoin holdings alongside the message “Send more Orange,” a phrase widely recognized among Bitcoin enthusiasts as a nod to the cryptocurrency’s signature colour and a potential signal of another impending purchase.

Send more Orange pic.twitter.com/QaLJWkLrVN

— Michael Saylor (@saylor) June 8, 2025

If Saylor’s post precedes another acquisition, it would mark the ninth consecutive week of Bitcoin purchases by Strategy. The company recently acquired 705 BTC, valued at nearly $75 million, between May 26 and June 1. According to Bitcoin Treasuries, Strategy now holds a staggering 580,955 BTC, worth approximately $61.4 billion at current market prices.

Saylor has a history of posting on Sundays before announcing new Bitcoin buys, fueling speculation and excitement among traders and investors. However, a recent report from K33 Research suggests that Strategy’s pace of accumulation has slowed, attributed to a narrowing premium of MSTR shares relative to the company’s Bitcoin holdings.

Strategy’s aggressive Bitcoin strategy is supported by a recent $1 billion stock offering. The company plans to issue 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at $85.00 per share. Proceeds are earmarked for general corporate purposes, including further Bitcoin acquisitions and working capital, as stated in the official announcement.

Strategy’s bold moves have inspired other corporations to boost their Bitcoin holdings. Notably, Japan’s Metaplanet has set an ambitious target to accumulate 210,000 BTC by 2027 and currently holds 8,888 BTC, ranking tenth among corporate holders globally.

Saylor’s latest post underscores growing institutional interest and could influence short-term market sentiment and price volatility. As more companies race to build their Bitcoin treasuries, the market will be watching Saylor’s next move closely.

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