In accordance with stories, MicroStrategy (rebranded to Technique) CEO Michael Saylor dropped one other trace that his firm is able to add extra Bitcoin to its already huge stash. He shared a easy chart on X with the phrase “Nothing Stops This Orange.”
It wasn’t some advertising and marketing 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. Quick tweets from Saylor have sparked recent shopping for runs earlier than. This time could possibly 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 choose up massive chunks of Bitcoin at key worth dips.
Nothing Stops This Orange pic.twitter.com/NwtiXWl4MT
— Michael Saylor (@saylor) June 22, 2025
Primarily based on historical past, merchants and buyers watch his each transfer. He’s constructed a fame for turning a single line on social media right into a multi-million-dollar acquisition. If previous patterns maintain, we may 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 accordance with the grievance, they “made materially false and deceptive statements” a few January accounting change. The go well with says the workforce downplayed the impression and danger of Bitcoin’s wild worth 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 had been caught off guard by how large 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 turned public. Parmar argues these gross sales got here whereas the share worth 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% to this point this 12 months. 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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