In line with experiences, MicroStrategy (rebranded to Technique) CEO Michael Saylor dropped one other trace that his firm is able to add extra Bitcoin to its already large stash. He shared a easy chart on X with the phrase “Nothing Stops This Orange.”
It wasn’t some advertising slogan. It was a sign. Technique now holds over 592,000 BTC, valued at almost $60 billion, with Bitcoin buying and selling slightly below $101,000. Brief tweets from Saylor have sparked contemporary shopping for runs earlier than. This time may very well be no completely different.
Michael Saylor Teases New Bitcoin Purchase
Michael Saylor’s cryptic submit is greater than a rallying cry for crypto followers. It follows a string of comparable hints that led Strategy to select up massive chunks of Bitcoin at key value dips.
Nothing Stops This Orange pic.twitter.com/NwtiXWl4MT
— Michael Saylor (@saylor) June 22, 2025
Primarily based on historical past, merchants and traders watch his each transfer. He’s constructed a popularity for turning a single line on social media right into a multi-million-dollar acquisition. If previous patterns maintain, we might see the corporate locking in additional BTC by mid-year.
Lawsuit Accuses Execs Of Deceptive Traders
Final Friday, a shareholder filed a derivative suit in Virginia federal court docket. Abhey Parmar claims that Saylor, CEO Phong Le, CFO Andrew Kang and 4 board members failed of their obligation.
In line with the criticism, they “made materially false and deceptive statements” a couple of January accounting change. The go well with says the crew downplayed the impression and threat of Bitcoin’s wild value swings earlier than the Q1 report.
New Accounting Rule Triggers $6 Billion Loss
Technique adopted a Monetary Accounting Requirements Board rule that kicked in a month earlier. The swap let corporations worth crypto holdings at estimated market costs. It backfired for Technique in April.
The corporate recorded a $5.9 billion unrealized loss on Bitcoin, and its shares slid almost 10% within the days after the outcomes. Traders have been caught off guard by how massive the hit turned out to be.
Supply: Google Finance
Insider Gross sales And Inventory Restoration
The lawsuit additionally highlights almost $32 million in inventory gross sales by high execs earlier than the loss grew to become public. Parmar argues these gross sales got here whereas the share value was “artificially inflated.”
Nonetheless, Strategy shares have clawed again most of their losses. They jumped from a low of slightly below $237 in early April to as much as almost 28% thus far this yr. That rebound exhibits many merchants are nonetheless betting on Saylor’s long-term imaginative and prescient.
Featured picture from Unsplash, chart from TradingView
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