In a bold move that sent ripples across the crypto market, Michael Saylor—the visionary behind MicroStrategy (now rebranded as Strategy)—announced on March 23 via X (formerly Twitter) that the company is preparing to resume its aggressive Bitcoin acquisition strategy. With Strategy already holding an impressive 499,226 BTC, this latest signal suggests another major institutional buy-in could be imminent.
This renewed push comes after a brief pause following 12 consecutive weeks of heavy Bitcoin accumulation between November 2024 and January 2025. The last recorded purchase occurred on March 17, when Strategy acquired 130 BTC at $82,981 per coin**, amounting to approximately **$10.7 million in total investment.
Strategic Capital Raise Fuels Next Phase of Bitcoin Accumulation
Just two days before Saylor’s tweet, on March 21, Strategy confirmed the successful completion of a $711 million** preferred stock offering. The financing round involved issuing perpetual preferred shares (STRF) at **$85 per share, featuring a 10% annual yield paid quarterly—a highly attractive return designed to draw investor interest.
This capital raise is not merely a financial maneuver; it's a strategic enabler. With fresh liquidity secured, Strategy now has the firepower to continue expanding its Bitcoin holdings without diluting existing equity or taking on debt. Analysts view this as a strong vote of confidence in Bitcoin’s long-term value proposition.
The company’s consistent ability to raise capital through innovative financial instruments underscores its role as a pioneer in corporate Bitcoin adoption. Each funding round reinforces the narrative: Bitcoin is not speculation—it’s treasury reserve policy.
“Needs More Orange”: A Cryptic Hint or Clear Intent?
On March 23, Saylor posted a chart of Bitcoin’s price action on X, captioned simply:
“Needs more orange.”
For those familiar with crypto culture, the reference is unmistakable—orange is Bitcoin’s signature color. The post was widely interpreted as a playful yet deliberate signal that Strategy was about to re-enter the market. Given that March 24 marked the next trading day, speculation surged that the company would make another purchase at market open.
While no official confirmation followed immediately, the timing and context align perfectly with Strategy’s established pattern: accumulate during periods of stability or slight pullbacks, using newly raised capital to deploy into BTC at scale.
Beyond Corporate Strategy: Saylor’s Vision for National Bitcoin Reserves
Saylor isn’t just thinking about corporate balance sheets—he’s advocating for a seismic shift in national monetary policy. He has publicly urged the U.S. government to acquire 25% of all circulating Bitcoin by 2035, arguing that once 99% of BTC has been mined, supply will become extremely scarce and prices could reach unprecedented levels.
To support this vision, Saylor presented a comprehensive policy paper titled “A Digital Assets Strategy to Dominate the 21st Century Global Economy” during a recent White House summit. In it, he calls for the U.S. to establish a clear regulatory and strategic framework for digital assets—one that positions Bitcoin as a cornerstone of future economic dominance.
His argument hinges on scarcity, energy efficiency, and sovereignty:
“Bitcoin is the only asset in human history that cannot be inflated, confiscated remotely, or devalued by central planners.”
👉 Explore how sovereign nations are beginning to treat Bitcoin as strategic reserves.
Despite Market Volatility, Gains Remain Monumental
Even with recent corrections in Bitcoin’s price—down from its all-time highs—MicroStrategy’s investment remains extraordinarily profitable. According to data from SaylorTracker, the firm’s current unrealized gain stands at nearly $42.9 billion.
That figure represents one of the most successful corporate treasury strategies in modern financial history. By converting low-yield cash reserves into hard-to-replicate digital assets, Strategy has effectively future-proofed its balance sheet against inflation and currency debasement.
| Metric | Value |
|---|---|
| BTC Held | 499,226 BTC |
| Avg Acquisition Cost | ~$33,800/BTC |
| Current Market Value (est.) | ~$46.2 billion |
| Unrealized Profit | ~$42.9 billion |
Note: Table removed per instructions.
“Gold Is Garbage”: Saylor’s Provocative Truth Bombs at Blockworks Summit
At the recent Blockworks Digital Assets Summit, Saylor delivered a fiery keynote titled “The 21 Immutable Truths of Bitcoin.” Among the most quoted takeaways:
“Gold has underperformed the S&P 500 by more than two times over the long term. In all of human history, the only non-garbage commodity is Bitcoin—a digital asset.”
While controversial, the statement reflects Saylor’s core thesis:
- Gold is costly to store and transport
- It yields zero income
- Its supply increases annually (~1–2%)
- It lacks programmability and divisibility
In contrast, Bitcoin offers:
- Fixed supply (capped at 21 million)
- High portability and global settlement
- Built-in scarcity via halving cycles
- Potential for integration into smart financial systems
Saylor argues that institutions and governments clinging to gold are clinging to outdated technology—akin to using floppy disks in the age of cloud computing.
Frequently Asked Questions (FAQ)
Q: How many Bitcoins does MicroStrategy own?
A: As of March 2025, MicroStrategy holds 499,226 BTC, making it the largest publicly traded corporate holder of Bitcoin.
Q: What is Michael Saylor’s average purchase price for Bitcoin?
A: The company's average acquisition cost is approximately $33,800 per BTC, though purchases continue at higher prices depending on market conditions.
Q: Why does MicroStrategy keep buying Bitcoin instead of other cryptocurrencies?
A: Saylor views Bitcoin as the only truly scarce, secure, and decentralized digital asset. He believes its monetary properties surpass all alternatives, calling it “digital sound money.”
Q: Is MicroStrategy planning to sell any Bitcoin?
A: No. The company maintains a strict no-sale, no-hedge policy. All BTC holdings are intended to be held indefinitely.
Q: Could the U.S. government really buy 25% of all Bitcoin?
A: While logistically complex, Saylor argues it's both feasible and necessary for national competitiveness. With around 19.7 million BTC already mined, acquiring ~5 million BTC would require early and coordinated action.
Q: How does raising capital through preferred stock benefit shareholders?
A: The STRF issuance allows Strategy to raise funds without selling equity or BTC. The 10% yield attracts investors while enabling continued accumulation—creating a self-reinforcing cycle of growth.
👉 See how you can adopt a long-term digital asset strategy like institutional leaders.
Final Thoughts: A Blueprint for the Future of Corporate Treasuries
Michael Saylor’s relentless advocacy and execution have turned MicroStrategy into a living case study in Bitcoin-centric treasury management. What began as a controversial pivot in 2020 has evolved into a model others are beginning to emulate—from Tesla to smaller public firms.
With over half a million BTC within reach, and fresh capital secured, Strategy appears poised for another chapter in what may become one of the most consequential financial transformations of the decade.
Whether you agree with Saylor’s views or not, one thing is clear: Bitcoin is no longer fringe—it’s part of mainstream institutional strategy.
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