Michael Saylor, executive chair of MicroStrategy, has hinted at further Bitcoin purchases despite a market drop that has pushed the company’s massive Bitcoin holding into a 10% loss. The potential buy would add to over $2.9 billion worth of Bitcoin acquired by the firm in March already. MicroStrategy shares fell 6.6% last week, continuing a significant decline from their 2025 peak.
MicroStrategy executive chair Michael Saylor has hinted his company bought more Bitcoin despite a market tumble. Saylor posted “The Orange March Continues” alongside a chart of the firm’s Bitcoin purchases, a signal often interpreted as a precursor to buying.
This follows two large purchases in March, detailed in one and another filing, amounting to $2.9 billion. The buying occurred amid heightened military tensions between the US and Iran, which contributed to market fears.
Bitcoin fell 4% to around $67,725 on Sunday before a partial recovery. According to BitcoinTreasuries, MicroStrategy‘s average cost per Bitcoin is approximately $75,696, putting its bet at a more than 10% loss.
The company had funded purchases through high-yield perpetual preferred stock offerings but halted this funding last week. It failed to raise fresh capital from its preferred stock, named STRC.
MicroStrategy (MSTR) shares fell 6.6% last week to $135.66, data shows. This erased some of its double-digit gains from earlier in March.
The stock has fallen 68.7% from its all-time high of $434.20, reached in July 2025. Other corporate Bitcoin treasury stocks have experienced even sharper declines.
