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.
Strategy’s top execs sued over $5.9 billion Bitcoin loss
Saylor’s post came after he, Strategy, and the company’s top executives were sued by an investor on Thursday who claimed they breached their fiduciary duties before reporting a multibillion-dollar Bitcoin loss in its first quarter results.
The…
