Michael Saylor’s Relentless Bitcoin Buying Spree Fuels Market Frenzy

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has once again ignited market excitement with his latest Bitcoin acquisition, marking the ninth consecutive week of aggressive cryptocurrency purchases. On June 9, Saylor announced that Strategy acquired 1,045 BTC for approximately $110.2 million at an average price of $105,426 per coin, pushing the company’s total Bitcoin holdings to an unprecedented 582,000 BTC—valued at over $40 billion at current prices.

This latest move follows Saylor’s cryptic social media post, “Send more Orange,” widely interpreted as a signal of further Bitcoin accumulation. The company’s relentless buying spree has been fueled by innovative financial maneuvers, including a recently announced $1 billion stock offering. This offering, quadrupling a previous $250 million raise, involves the sale of 11.76 million shares of 10% Series A Perpetual Stride Preferred Stock, targeting institutional investors seeking yield. Strategy expects to net around $979 million after expenses, with proceeds earmarked for additional Bitcoin purchases and general corporate needs.

Saylor’s approach—leveraging convertible bonds, preferred stock, and perpetual yield instruments—aims to build what he describes as an “indestructible balance sheet.” The company’s Bitcoin-centric strategy has delivered a 17.1% year-to-date yield in 2025 and an estimated $20.6 billion in unrealized profit, according to data from SaylorTracker.

While supporters hail Saylor’s vision for maximizing shareholder value and pioneering a new corporate treasury model, critics warn of the risks tied to heavy leverage and the volatile nature of cryptocurrency markets. Saylor himself has acknowledged that if Bitcoin were to fall 90% and remain depressed for several years, equity holders could be wiped out due to the company’s substantial debt exposure.

Despite the controversy, Saylor’s influence continues to reshape the landscape of American capital markets. His bold prediction that Bitcoin could become a $200 trillion asset class by 2045 underscores his conviction that the cryptocurrency will serve as a global settlement layer in the AI-driven internet era. As Bitcoin trades near all-time highs, Saylor’s actions and statements remain closely watched, with growing calls for him to discuss his strategy on major financial platforms.

Strategy’s persistent accumulation and financial engineering are cementing its status as the world’s largest corporate holder of Bitcoin, setting a precedent that could inspire other institutions to adopt similar treasury allocation models as the crypto market matures.