MicroStrategy, the enterprise software company that has transformed itself into a major holder of Bitcoin, has signaled its intention to increase investments in the leading digital currency. The announcement comes as the company’s substantial $55 billion Bitcoin reserve remains just above its average acquisition cost.
Michael Saylor, the Executive Chairman, took to social media platform X to share a graphic with the caption “More Orange.” This phrase has often hinted at the company’s plans for further Bitcoin acquisitions in recent months. As MicroStrategy reached a notable milestone of 2,000 days of adhering to a “Bitcoin Standard,” speculation grows surrounding its next steps. Currently, the firm holds 712,647 BTC, purchased at an average price of $76,037 per coin. With Bitcoin’s price hovering around $78,000, the firm’s unrealized gains have shrunk to less than 3%, a stark contrast to the six-figure highs witnessed last autumn.
To bolster its purchasing power, MicroStrategy is actively seeking additional capital by increasing the dividend on its Series A Perpetual Stretch Preferred Stock (STRC) by 25 basis points, raising the yield to an attractive 11.25% for February 2026. This elevated yield not only underscores the company’s aggressive approach towards capital raising, but it also highlights the volatility inherent in its Bitcoin-oriented strategy. STRC represents a variable-rate security within a fixed-income suite that includes other products like Strike, Stride, and Strife, and has been pivotal in financing the acquisition of over 27,000 BTC since its November launch.
Despite the potential risks, including rising costs associated with servicing the high dividends and potential cash-flow pressures, MicroStrategy remains steadfast. Analysts caution that if Bitcoin’s price stagnates or falls below the firm’s acquisition cost of $76,000, the company may face significant challenges. Nevertheless, MicroStrategy holds billions of dollars in available capital under its at-the-market offerings, suggesting that the firm is committed to its strategy of accumulating more Bitcoin in response to fluctuating market conditions.
