MicroStrategy’s Michael Saylor is once again signaling movement on the Bitcoin front. On June 8, the company’s executive chairman posted a brief but familiar phrase on X: “Send more orange.” Though cryptic, such posts have historically preceded fresh Bitcoin acquisitions by the firm—prompting speculation that another large buy is imminent.
The timing aligns with the company’s latest acquisition of 705 BTC between May 26 and June 1, valued at $75 million and purchased at an average price of roughly $106,495 per coin. If a new purchase follows Saylor’s latest post, it would extend MicroStrategy’s streak of consecutive weekly Bitcoin buys to nine—cementing the company’s reputation as the most aggressive corporate Bitcoin accumulator on record.
According to tracking data, MicroStrategy now holds approximately 580,955 BTC—valued near $61.4 billion—with the firm sitting on nearly $20.6 billion in unrealized gains. With the $1 billion preferred stock raise underway, all eyes are on what could be the company’s next billion-dollar Bitcoin statement.
Strategy Raises $1B in Preferred Stock for Bitcoin
Following its latest Bitcoin hint, Strategy has confirmed a significant funding move: a $1 billion preferred stock offering aimed at bolstering its crypto reserves. The raise represents a sharp increase from the firm’s earlier $250 million proposal and is expected to bring in approximately $979 million in net proceeds after deducting underwriting fees and other expenses.
The offering consists of 11.76 million shares of Series A Perpetual Stride Preferred Stock, priced at $85 each. These non-voting shares come with a 10% annual dividend, paid on a non-cumulative basis—a structure specifically designed to attract yield-hungry institutional investors while providing the company with long-term capital flexibility.
Unlike prior capital raises that leaned heavily on convertible debt, this move signals a strategic pivot toward more traditional financing methods with broader market appeal. It also reinforces Strategy’s commitment to deepening its Bitcoin position without diluting common shareholder equity. The raised funds will be allocated to future Bitcoin acquisitions and broader corporate operations as the firm continues its unprecedented accumulation campaign.
Strategy Now Bitcoin’s Top Corporate Holder
With nearly 581,000 BTC on its balance sheet, Strategy has firmly secured its place as the world’s largest known corporate holder of Bitcoin—outpacing the reserves of entire nation-states. Data from Bitcoin Treasuries indicates that the firm’s stash exceeds the combined publicly known holdings of both the U.S. and China, underscoring the scale of its commitment to digital assets.
The company’s dominance in the crypto treasury space is even more striking when compared to peers. Its holdings are nearly twelve times greater than those of the second-largest public holder, Bitcoin mining firm Marathon Digital Holdings. As a result, Strategy is no longer simply seen as a business that invests in Bitcoin—many investors now view it as a proxy for Bitcoin exposure itself, a kind of corporate gateway to the asset for those unwilling or unable to hold BTC directly.
Quick Facts
- MicroStrategy holds ~580,955 BTC worth ~$61.4 billion.
- Saylor’s “Send more orange” post signals more BTC buys.
- Strategy raised $1B in preferred stock to fund BTC purchases.
- Its BTC stash exceeds those of the U.S. and China combined.
