Strategy Hints at More Bitcoin Buys After $75M Acquisition

Strategy, led by executive chairman Michael Saylor, is once again signaling a deepening commitment to Bitcoin. Saylor posted “Send more Orange” on X on June 8 — a phrase often followed by the company’s Bitcoin acquisition announcements. If the pattern holds, this could mark Strategy’s ninth consecutive week of BTC purchases. The post follows closely after Strategy added 705 BTC between May 26 and June 1, spending around $75 million at an average of $106,495 per coin. That brings the firm’s total holdings to 580,955 BTC, valued at about $61.4 billion. According to SaylorTracker, the company is currently up nearly 50% on its investment, translating to an unrealized profit of roughly $20.6 billion. $1 Billion Stock Offering Fuels Bitcoin Strategy Saylor’s cryptic post coincides with Strategy’s announcement of a massive $1 billion stock offering, a sharp increase from the previously planned $250 million raise. The firm aims to use the capital to fund further Bitcoin acquisitions and for general corporate expenses. The offering involves 11.76 million shares of a new 10% Series A Perpetual Stride Preferred Stock, priced at $85 per share. After deducting underwriting and other fees, Strategy expects net proceeds of approximately $979 million. Unlike its earlier funding rounds, the new stock provides non-cumulative 10% dividends — a move designed to appeal to yield-seeking institutional investors. This funding structure enables the company to continue its Bitcoin strategy while offering more predictable returns to shareholders. Largest Institutional Bitcoin Holder Data from Bitcoin Treasuries shows that Strategy now holds more Bitcoin than any other publicly known entity — including governments like the United States and China. Its holdings are nearly twelve times larger than the next biggest corporate holder, Bitcoin miner Mara Holdings. As a result, many investors increasingly view Strategy not just as a business, but as a vehicle for Bitcoin exposure. With Saylor continuing to tease new purchases, the company shows no signs of slowing down.

Source: CryptoIntelligence