Saylor hints next Bitcoin buy as investor sues over Strategy’s Q1 loss
Strategy chair Michael Saylor cryptically hinted at another Bitcoin buy as the company faces a lawsuit over its $5.9 billion loss on Bitcoin in Q1.
Michael Saylor has again hinted that Strategy would buy more Bitcoin, though the company formerly known as MicroStrategy and its top brass were hit with an investor lawsuit over its $5.9 billion first-quarter loss on its Bitcoin holdings.
Saylor posted a chart showing Strategy’s past Bitcoin (BTC) purchases to X on Sunday with the caption: “Nothing Stops This Orange.”
His past similar cryptic X posts have been the precursor to Strategy buying Bitcoin. The company has the largest Bitcoin holdings of all public companies at 592,100 BTC, worth around $59.7 billion, with Bitcoin trading just under $101,000.
