Michael Saylor’s X posts have become a Bitcoin market signal—and his latest “Send more Orange” teaser suggests another big purchase is coming. If so, it’ll be MicroStrategy’s ninth straight week of BTC accumulation.
The company, already sitting on 580,955 BTC (~$61.4B), recently added 705 more coins for ~$75M. Its unrealized profit? A staggering ~$20.6B—up 50% from its average buy price.
But this time, funding comes differently: a $1B preferred stock offering with 10% dividends, designed to lure institutional investors without derailing Saylor’s Bitcoin obsession.