MicroStrategy Signals Fresh $BTC Purchase After $1B Stock Offering


MicroStrategy executive chairman Michael Saylor posted, "Send more Orange" on X, typically signaling incoming $BTC acquisitions.


The cryptic message follows the company's recent purchase of 705 $BTC for $75 million between May 26 and June 1.


MicroStrategy now holds 580,955 $BTC valued at approximately $61.4 billion with $20.6 billion in unrealized profit.


The company announced a $1 billion stock offering, quadrupling its previously planned $250 million raise.


The offering involves 11.76 million shares of 10% Series A Perpetual Preferred Stock priced at $85 per share.


Unlike past funding methods, the preferred stock offers non-cumulative 10% dividends targeting institutional investors.


MicroStrategy remains the largest known corporate $BTC holder, eclipsing the combined holdings of the United States and China.


The company's $BTC #treasury is nearly 12 times larger than second-place holder Mara Holdings.

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June 09, 2025 at 12:38 AM
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