The co-founder of the strategy firm hinted at a forthcoming Bitcoin (BTC) acquisition following the company’s recent capital raise via a new preferred stock offering this week.
The executive shared a Bitcoin chart on Sunday that suggests an additional BTC purchase is on the horizon with the lighthearted remark “needs more orange,” indicating the next day—when conventional financial markets reopen.
As tracked by SaylorTracker, the firm’s latest Bitcoin buy took place on March 17, during which the company acquired 130 BTC for around $10.7 million, boosting its total holdings to 499,226 BTC.
Firm’s total Bitcoin purchases. Source: SaylorTracker
The March 17 BTC buy represents one of the firm’s smallest purchases recorded and came after a two-week hiatus in acquisitions.
On March 21, the firm announced the pricing of its latest preferred stock tranche, which was priced at $85 per share and included a 10% coupon. The offering is expected to generate about $711 million in revenue for the firm.
The co-founder continues to advocate for the Bitcoin network, motivating numerous publicly traded companies to adopt BTC as part of their treasury strategies and urging the government to secure more of the limited digital asset.
Firm’s BTC acquisitions in 2025. Source: SaylorTracker
Related: Co-founder’s plan to raise up to $21B for more Bitcoin purchases
Advocacy for government BTC acquisition
The co-founder stated that the US government should aim to purchase 25% of Bitcoin’s total supply by 2035, by which time 99% of all BTC is projected to be mined.
Additionally, he called for the establishment of a comprehensive regulatory framework for all digital assets in a proposal titled, A Digital Assets Strategy to Dominate the 21st Century Global Economy.
Co-founder presenting his 21 Truths of Bitcoin speech at a recent summit. Source: Cointelegraph
During the recent summit, the co-founder delivered his speech on the 21 Truths of Bitcoin. He remarked:
“Gold continues to lag behind the S&P Index by a factor of two or more; thus, Bitcoin stands as the only commodity in history that hasn’t been a losing investment—Bitcoin is the singular digital commodity.”
Notwithstanding the recent market decline, the firm still shows a profit of over 28% on its BTC investments, currently holding over $9.3 billion in unrealized gains.
Magazine: ‘China’s MicroStrategy’ Meitu liquidates all its Bitcoin and Ethereum: Asia Express