N
NewsMaker
Administrator
- USD
- $40,998,899
- Gold
- G4,000
Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase after the company raised additional capital this week through its latest preferred stock offering.
The executive posted the Sunday Bitcoin chart on X that signals another BTC acquisition the next day — when traditional financial markets open — with the playful message "needs more orange."
According to SaylorTracker, the company's most recent BTC acquisition occurred on March 17, when Strategy purchased 130 BTC, valued at $10.7 million, bringing its total holdings to 499,226 BTC.
Strategy's March 17 BTC acquisition represents one of its smallest purchases on record and came after a two-week break in buying.
On March 21, the company announced the pricing of its latest tranche of preferred stock. The preferred stock was sold at $85 per share and featured a 10% coupon. According to Strategy, the offering should bring the company approximately $711 million in revenue.
Michael Saylor continues evangelizing for the Bitcoin network, inspiring dozens of publicly traded companies to adopt BTC as a treasury asset and petitioning the US government to buy more of the scarce digital commodity.
Related: Michael Saylor’s Strategy to raise up to $21B to purchase more Bitcoin
Saylor pushes for the US government to purchase 25% of BTC's total supply
Saylor wrote that the US government should acquire 25% of Bitcoin's total supply by 2035 — when 99% of the total BTC supply has been mined.
The executive also petitioned for the US government to adopt a comprehensive framework for all digital assets in a proposal titled, A Digital Assets Strategy to Dominate the 21st Century Global Economy.
Saylor giving his 21 Truths of Bitcoin speech at the Blockworks Digital Asset Summit. Source: Cointelegraph
Speaking at the recent Blockworks Digital Asset Summit, the Strategy co-founder presented his 21 Truths of Bitcoin speech. The executive told the audience:
Despite the recent market downturn, Strategy is still up over 28% on its BTC investment and is sitting on over $9.3 billion in unrealized gains.
Magazine: ‘China’s MicroStrategy’ Meitu sells all its Bitcoin and Ethereum: Asia Express
Actual Crypto Price of Cryptocurrency on the market now
Bitcoin/USD
Ethereum ETH
Litecoin LTC
Solana SOL
Tron TRX
Contacts for ads and profitable Investments
Click Here
Read more
