MicroStrategy Soars 5.02% on Bitcoin Purchase Hints

On March 24, 2025, MicroStrategy's stock surged by 5.02% in pre-market trading, capturing the attention of investors and analysts alike.

MicroStrategy, under the leadership of its executive chairman Michael Saylor, has once again sparked interest in the cryptocurrency community with hints of an impending Bitcoin purchase. This speculation follows the company's recent capital raise of approximately $711 million through the issuance of preferred stock. The new stock was offered at $85 per share with a 10% coupon, significantly bolstering the company's liquidity and setting the stage for another potential Bitcoin acquisition, a pattern observed in previous cycles.

Saylor's subtle hint came via a post on X (formerly Twitter) over the weekend, where he shared a Bitcoin price chart with the caption, “needs more orange.” This cryptic message, characteristic of Saylor's teasing style, has fueled speculation about an imminent Bitcoin purchase as regular markets prepare to reopen. Saylor's history of using social media to hint at MicroStrategy's Bitcoin buys has kept the market on its toes, anticipating the company's next move.

MicroStrategy's most recent Bitcoin purchase occurred on March 17, when the company acquired 130 BTC for approximately $10.7 million. This acquisition marked the end of a two-week hiatus following a 12-week consecutive buying streak from November 2024 to January 2025. According to SaylorTracker, MicroStrategy now holds 499,226 BTC, making it one of the largest corporate Bitcoin treasuries. The company's unrealized profits from these holdings exceed $9.3 billion, representing a 28% increase over its average cost basis.

Saylor's unwavering bullishness on Bitcoin was reiterated at the recent Blockworks Digital Asset Summit, where he stated, “There is only one commodity in the history of the human race that was not a garbage investment — Bitcoin.” Saylor continues to advocate for broader Bitcoin adoption, encouraging public companies and even the U.S. government to consider holding Bitcoin as a reserve asset. His relentless promotion and consistent buying have positioned MicroStrategy as a trailblazer in institutional crypto adoption.