Strategy Executive Chairman Michael Saylor has hinted at his plans to buy additional Bitcoin, tweeting “Needs more Orange” alongside a screenshot of the company’s Bitcoin holdings tracker.
The tracker shows Strategy currently holds 499,226 BTC valued at approximately $42.47 billion.
The current holdings show a 28.15% unrealized gain of $9.33 billion on the company’s initial investment.
This hint at further Bitcoin purchases aligns with Strategy’s recently announced financing efforts.

New Preferred Stock Offering to Fuel Bitcoin Acquisitions
Strategy has announced a new financing round to support its ongoing Bitcoin purchasing strategy.
On March 20, 2025, the company priced an offering of 8,500,000 shares of “10.00% Series A Perpetual Strife Preferred Stock” at $85.00 per share, with settlement scheduled for March 25, 2025, subject to standard closing conditions.
The offering is expected to generate approximately $711.2 million in net proceeds after deducting underwriting discounts, commissions, and estimated offering expenses.
According to the company’s statement, these funds will be used “for general corporate purposes, including the acquisition of bitcoin and for working capital.”
The timing of Saylor’s “Needs more Orange” tweet, coming shortly after this financing announcement.
This suggests the company is preparing to deploy a substantial portion of the new capital toward Bitcoin purchases.
Recent Purchases By Michael Saylor’s Strategy Show Strategic Dollar Cost Averaging
Strategy’s recent Bitcoin purchase history reveals a methodical approach to accumulating BTC across various price points.
Data from the SaylorTracker portfolio tracker shows the company has continued to purchase Bitcoin even as prices fluctuated. Its most recent acquisition happened on March 17, 2025.
In that transaction, Strategy acquired 130 BTC at an average price of $82,981 per coin, for a total cost of $10.7 million.
Unlike many of the company’s recent purchases, this small addition is currently showing a positive return of 3.24% ($346,525).
However, most of Strategy’s 2025 acquisitions are currently underwater. The company’s largest recent purchase occurred on February 24, when it acquired 20,356 BTC at $97,514 per coin.
This massive $1.99 billion investment is now down 13.08% ($260.28 million). Similarly, the January 27 acquisition of 10,107 BTC at $105,596 per coin currently shows a 21.93% loss of $241.18 million.
These paper losses haven’t affected their accumulation strategy. The company’s approach shows a commitment to dollar-cost averaging regardless of short-term price movements.
The data shows that the purchases range from as small as 130 BTC to as large as 20,356 BTC in a single transaction.
The tracker data indicates that despite recent purchases being underwater, MicroStrategy’s overall Bitcoin strategy remains profitable, with the current value of its holdings ($42.47 billion) exceeding its total investment ($33.14 billion) by more than $9.3 billion.
With the company’s holdings approaching the psychologically important 500,000 BTC threshold, completing this milestone would further strengthen MicroStrategy’s position as a major player in the Bitcoin ecosystem.