Michael Saylor, executive chairman of the leading corporate holder of Bitcoin, Strategy, has teased a potential new acquisition on social media platform X. In his recent post from Sunday, Saylor shared a chart depicting the company’s current Bitcoin holdings and expressed intentions to boost its Bitcoin purchases.
The message accompanying the chart simply read, “Send more Orange,” a phrase that resonates within the cryptocurrency community, where the color orange is often associated with Bitcoin.
Send more Orange pic.twitter.com/QaLJWkLrVN
— Michael Saylor (@saylor) June 8, 2025
If this post indicates another acquisition, it would represent the ninth consecutive week during which Strategy has purchased Bitcoin. Recently, the firm acquired 705 BTC for close to $75 million from May 26 to June 1.
Currently, Strategy holds a total of 580,955 BTC, a value estimated at around $61.4 billion based on current market prices, as reported by data from Bitcoin Treasuries.
Saylor has a track record of making such announcements on Sundays before actual Bitcoin purchases. Nevertheless, a recent analysis by K33 Research disclosed that Strategy, previously known as MicroStrategy, appears to be moderating its Bitcoin acquisition pace. K33’s Head of Research, Vetle Lunde, indicated that this slowdown is due to a diminishing premium on MSTR shares compared to the company’s Bitcoin assets.
‘Strategy Is Fully Torqued Bitcoin’: Michael Saylor
On June 7, Saylor celebrated another milestone by sharing an infographic on X illustrating how Bitcoin has contributed to Strategy’s performance, outpacing major tech giants such as Tesla, Meta, and Nvidia.
Saylor proudly declared, “Strategy is fully torqued Bitcoin,” highlighting a 126% increase in annual returns.
Strategy is fully torqued Bitcoin. pic.twitter.com/Dqu6RKY7b7
— Michael Saylor (@saylor) June 6, 2025
These posts follow Strategy’s recent announcement regarding a $1 billion stock offering, with plans to utilize the proceeds for further Bitcoin acquisitions and general corporate expenses.
The company intends to issue 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock, priced at $85.00 per share in this public offering.
According to the announcement, “Strategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin and for working capital.”
Bitcoin Treasury Race Heats Up: What Could Be Next?
The momentum created by Strategy is prompting increased competition among corporations looking to expand their Bitcoin reserves.
Japan’s Metaplanet, for example, has been steadily accumulating Bitcoin, setting a goal to gather 210,000 BTC by 2027. Currently, this Tokyo-listed investment firm holds 8,888 BTC, ranking tenth in global corporate Bitcoin holdings.
Saylor’s latest endorsement could indicate ongoing optimism among traders, potentially spurring further institutional interest in Bitcoin. Monitoring his social media activity may be crucial for traders, as institutional sentiment often has implications for price fluctuations.
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