Main Points:
- New Capital Raised: Strategy Inc. recently completed a preferred stock offering, raising approximately US$711 million at US$85 per share with a 10% coupon.
- Additional Bitcoin Acquisition on the Horizon: Michael Saylor, Strategy’s co-founder, hinted that additional Bitcoin purchases could follow once fundraising is complete.
- Recent Bitcoin Buying Activity: On March 17, Strategy Inc. acquired 130 BTC (around US$10.7 million), bringing their total holdings to 499,226 BTC—even after a two-week pause in buying.
- Advocacy for Bitcoin Adoption: Saylor continues to champion Bitcoin, urging not only corporations but also the U.S. government to acquire digital assets, suggesting that the U.S. should buy 25% of Bitcoin’s total supply.
- Strong Valuation Gains: Despite recent market downturns, Strategy Inc.’s Bitcoin investments have shown over 28% in paper gains, with a valuation profit exceeding US$9.3 billion.
1. Introduction
Michael Saylor, the co-founder of Strategy Inc., has signaled potential additional Bitcoin purchases following the company’s latest successful fundraising through a new preferred stock offering. In a recent post on X, Saylor shared a Bitcoin chart accompanied by a tongue-in-cheek caption—”We need more orange”—alluding to future buying opportunities as traditional financial markets resume operations.
2. Fundraising and Recent Bitcoin Acquisitions
Strategy Inc. successfully completed its preferred stock offering on March 21, pricing shares at US$85 each with a 10% coupon. This capital raise is expected to bring in roughly US$711 million. The fresh capital appears to be earmarked for further strategic investments, including additional Bitcoin purchases.
On March 17, after a two-week pause in acquisitions, Strategy Inc. made one of its smallest recent Bitcoin buys by purchasing 130 BTC, valued at about US$10.7 million. With this acquisition, the company’s total Bitcoin holdings now stand at 499,226 BTC—a testament to its enduring commitment to the digital asset.
3. Saylor’s Vision for Bitcoin and Broader Digital Asset Adoption
Michael Saylor remains a steadfast advocate for Bitcoin. Beyond corporate investments, he has been vocal about the role of digital assets on a national scale. In a recent proposal titled “Digital Asset Strategy to Dominate the World Economy of the 21st Century,” Saylor urged the U.S. government to secure 25% of Bitcoin’s total supply. His argument hinges on the fact that, by 2035, 99% of Bitcoin will have been mined, making early government participation critical for national economic advantage.
At the Blockworks Digital Asset Summit, Saylor emphasized the superiority of Bitcoin over traditional commodities by stating, “Gold remains more than twice as inferior to the S&P Index. In the history of human investments, Bitcoin is the only digital commodity that wasn’t a garbage investment.” His remarks underline his belief in Bitcoin’s potential as a transformative asset in the digital age.
4. Market Performance and Valuation Gains
Despite recent market downturns, Strategy Inc.’s Bitcoin portfolio has performed strongly, boasting paper gains of over 28%. The company’s valuation profit on its Bitcoin holdings now exceeds US$9.3 billion. This robust performance continues to reinforce the conviction among Saylor and his team that additional Bitcoin purchases, once the new funds are fully deployed, will further strengthen their strategic positioning in the digital asset space.
5. Conclusion
In summary, following a successful fundraising round that raised approximately US$711 million through a preferred stock offering, Michael Saylor hinted at further Bitcoin acquisitions. With recent buying activity signaling renewed interest after a brief pause and strong valuation gains bolstering confidence, Strategy Inc. appears poised to expand its Bitcoin holdings. Saylor’s broader vision of integrating Bitcoin not only into corporate balance sheets but also advocating for its adoption by the U.S. government underscores the transformative potential he sees in digital assets. As Strategy Inc. prepares to deploy its newly raised capital, market watchers will be keen to see how these additional purchases shape the company’s long-term digital asset strategy.
