MicroStrategy, guided by Executive Chairman Michael Saylor, continues to reinforce its position as a prominent institutional advocate for Bitcoin. Recent actions and communications from Saylor suggest an unwavering commitment to its assertive digital asset acquisition strategy.
Continued Bitcoin Accumulation and Financial Strength
Saylor recently sparked speculation on X with a cryptic “Send more Orange” post, accompanied by a chart of MicroStrategy’s Bitcoin holdings. Such posts often foreshadow new purchases. If confirmed, this would mark the ninth consecutive week of Bitcoin acquisitions for the company. This follows a recent purchase of 705 BTC between May 26 and June 1 for approximately $75 million. This brings MicroStrategy’s total Bitcoin reserves to an impressive 580,955 BTC, now valued at an estimated $61.4 billion. Data from SaylorTracker indicates an approximate 50% unrealized gain on this investment, equating to roughly $20.6 billion.
Strategic Financing for Growth
Saylor’s post coincided with MicroStrategy’s announcement of a $1 billion stock offering, a significant increase from its previously announced $250 million. The proceeds are primarily for more Bitcoin acquisitions and general corporate expenses. The offering involves 11.76 million Series A Perpetual Preferred Shares, priced at $85 per share with a 10% dividend. MicroStrategy expects to net approximately $979 million after fees. These preferred shares offer non-cumulative dividends, a feature attractive to institutional investors seeking predictable returns while aligning with MicroStrategy’s aggressive accumulation.
Unmatched Corporate Bitcoin Holdings
MicroStrategy remains the world’s largest publicly known corporate holder of Bitcoin. According to Bitcoin Treasuries, its holdings even surpass the combined reserves of some nations. The company’s Bitcoin stash is nearly twelve times larger than Mara Holdings, the second-largest corporate holder. For many investors, MicroStrategy has evolved into a proxy for direct Bitcoin exposure, offering a publicly traded avenue into the digital asset market.
Chris brings over six years of hands-on experience in cryptocurrency, bitcoin, business, and finance journalism. He’s known for clear, accurate reporting and insightful analysis that helps readers stay informed in fast-moving markets. When he’s off the clock, Chris enjoys researching emerging blockchain projects and mentoring new writers.