Headline: Michael Saylor Signals Fresh Bitcoin Buy as BTC Slides Toward $78K
MicroStrategy (MSTR) Executive Chairman Michael Saylor hinted at another corporate bitcoin purchase Sunday, posting “More Orange” on X — his now-familiar weekend cue that the company has added to its holdings. The post typically precedes a formal Monday disclosure and comes as bitcoin trades near $78,000.
Saylor’s short message indicates MicroStrategy bought additional BTC over the past week, even as the largest publicly traded bitcoin holder navigates market and capital-raising headwinds. The company’s common stock fell roughly 6% over the week, closing below $150 per share, which likely constrained the amount MicroStrategy could raise via at-the-market (ATM) equity offerings. (ATM programs let a company sell newly issued shares into the open market gradually, using prevailing prices.)
MicroStrategy’s perpetual preferred shares, traded under the ticker STRC, also traded below their $100 par value for the entire week — a condition that prevented the company from issuing those shares through an ATM program tied to that instrument. The firm recently raised the dividend on STRC to try to lift the preferred’s price and restore access to that capital channel.
Despite the short-term funding pressure, MicroStrategy has been an aggressive accumulator: it has acquired roughly 40,000 BTC since the start of the year, bringing its reported total to around 712,647 BTC. As of press time bitcoin was trading in the vicinity of $78,000.
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