Saylor hints at a potential BTC buy after recent capital raise.

Co-founder Michael Saylor hinted at an upcoming Bitcoin acquisition following the company's latest capital raise through a preferred stock offering.

On Sunday, Saylor shared a Bitcoin chart on X with the caption “needs more orange,” suggesting another BTC purchase might take place the following day when traditional markets reopen.

According to SaylorTracker, Strategy’s last recorded Bitcoin purchase was on March 17, when the company acquired 130 BTC worth approximately $10.7 million, bringing its total holdings to 499,226 BTC. 

This purchase marked one of its smallest acquisitions to date and followed a two-week pause in buying activity.

On March 21, the company announced the pricing of its latest preferred stock issuance, sold at $85 per share with a 10% coupon. The offering is expected to generate around $711 million in revenue for the firm.

Saylor remains a vocal advocate for Bitcoin, influencing numerous publicly traded companies to adopt BTC as a treasury reserve asset. He has also urged the U.S. government to increase its Bitcoin holdings, proposing that the country acquire 25% of Bitcoin’s total supply by 2035—when 99% of all BTC will have been mined.

Additionally, Saylor has called for a comprehensive regulatory framework for digital assets, outlined in his proposal, A Digital Assets Strategy to Dominate the 21st Century Global Economy. Speaking at the Blockworks Digital Asset Summit, he delivered his 21 Truths of Bitcoin speech, emphasizing Bitcoin’s dominance over traditional assets.

"Gold has consistently underperformed the S&P Index by a factor of two or more. The only commodity in history that hasn’t been a poor investment is Bitcoin—a digital commodity," Saylor stated.

Despite recent market fluctuations, Strategy remains up over 28% on its Bitcoin investment, with unrealized gains exceeding $9.3 billion.