Michael Saylor hints at another bitcoin purchase despite market turmoil

MicroStrategy Executive Chairman Michael Saylor signaled that the company, the largest publicly traded Bitcoin holder, likely acquired more Bitcoin over the past week, referencing this with an "More Orange" post on X. This signal usually precedes a formal announcement on Monday. However, the company's ability to fund a large purchase might be constrained because its common stock fell 6% to close below $150, potentially limiting capital raising via at-the-market (ATM) sales. Furthermore, MicroStrategy's perpetual preferred stock traded below its $100 par value, preventing stock issuance through the ATM program tied to that instrument. As of the report, MicroStrategy holds approximately 712,647 BTC, having acquired about 40,000 BTC since the start of the year, while Bitcoin trades around $78,000.

(Source：CoinDesk)