Firm’s BTC Holdings Near 581K as Saylor Signals Ninth Consecutive Week of Accumulation

Michael Saylor, executive chairman and co-founder of Strategy, has hinted at another Bitcoin (BTC) purchase, just days after the company completed a $75 million BTC acquisition and announced plans to raise $1 billion through a preferred stock offering.

In a June 8 post on X, Saylor shared the phrase “Send more Orange” along with a chart of Strategy’s growing Bitcoin holdings — a cryptic message that typically precedes or accompanies new BTC buy announcements from the company.

Send more Orange pic.twitter.com/QaLJWkLrVN

— Michael Saylor (@saylor) June 8, 2025

If confirmed, the upcoming acquisition would mark the ninth consecutive week that Strategy has added Bitcoin to its balance sheet, further solidifying its position as the world’s largest known corporate holder of Bitcoin.

Recent BTC Buy Brings Total to 580,955 BTC

Between May 26 and June 1, Strategy purchased an additional 705 BTC for approximately $75 million, at an average price of $106,495 per coin, according to company filings. With that, the company’s total holdings now stand at 580,955 BTC, currently worth approximately $61.4 billion at market rates.

According to tracking platform SaylorTracker, Strategy is up nearly 50% on its Bitcoin investment, with an estimated $20.6 billion in unrealized gains.

The company’s accumulation strategy — consistently acquiring BTC regardless of market fluctuations — has transformed it into a proxy for Bitcoin exposure, particularly among institutional investors.

$1 Billion Stock Offering to Fund Bitcoin Buys

Saylor’s post follows Strategy’s announcement of a $1 billion stock offering, a significant expansion of its previously disclosed $250 million capital raise. The company plans to use the proceeds for additional Bitcoin purchases and general corporate purposes.

The offering includes 11.76 million shares of 10.00% Series A Perpetual Stride Preferred Stock, priced at $85 per share. Strategy expects to net approximately $979 million after deducting underwriting fees and related expenses.

Unlike traditional equity raises, this preferred stock offers non-cumulative 10% dividends, providing yield-seeking investors with predictable returns. The structure appears designed to broaden the appeal of Strategy’s capital strategy to a more institutional investor base while maintaining focus on its aggressive BTC acquisition goals.

Strategy Solidifies Its Position as Top Bitcoin Holder

According to data from Bitcoin Treasuries, Strategy holds more Bitcoin than any publicly known entity, including sovereign nations. Its holdings are:

• Larger than the combined reserves of the United States and China

• Nearly 12 times greater than those of the second-largest corporate holder, MARA Holdings

Strategy’s dominant position has led many investors and analysts to view the company as a de facto Bitcoin investment vehicle, providing public market access to BTC exposure without direct crypto custody.

“Strategy has become synonymous with Bitcoin,” said one industry analyst. “It’s effectively a corporate wrapper for a Bitcoin fund — with added leverage.”

Saylor’s Bitcoin-First Vision Continues to Drive Strategy’s Identity

Since first pivoting toward Bitcoin in 2020, Saylor has positioned Strategy as the premier institutional bull case for BTC. The company’s accumulation policy, often timed to coincide with market dips, has attracted both praise and criticism for its bold, high-conviction approach.

Despite market volatility, Saylor has consistently framed Bitcoin as the superior treasury reserve asset, often comparing it favorably to gold and fiat currencies.

His cryptic “Send more Orange” post, shared shortly after the new offering announcement, suggests that Strategy’s acquisition pace is unlikely to slow, especially with nearly $1 billion in fresh capital available.

Institutional Appetite for Bitcoin Exposure Still Strong

The timing of Strategy’s raise and continued accumulation coincides with a broader resurgence in institutional interest in crypto, particularly following the launch of spot Bitcoin ETFs in the U.S. earlier this year.

While some investors use ETFs to gain indirect exposure to BTC, Strategy’s equity and preferred stock offerings offer an alternative route — one that combines corporate structure with pure BTC focus.

The company’s latest capital strategy — blending yield-oriented stock with crypto-backed investment — is seen as a model for hybrid financial innovation, bridging traditional finance and digital assets.

Conclusion

With its $1 billion stock offering and continued Bitcoin buys, Strategy appears determined to maintain its leadership in the corporate crypto space. Michael Saylor’s latest teaser post, “Send more Orange,” has only heightened market speculation that another major BTC purchase is imminent.

As Strategy approaches 600,000 BTC in reserves, its influence over the broader Bitcoin narrative continues to grow — and with a fresh influx of capital, that trajectory looks far from over.

Whether Bitcoin’s next leg higher comes sooner or later, Strategy’s strategy remains clear: buy more BTC and hold long-term, regardless of short-term volatility or market sentiment.