Michael Saylor is the executive chairman and co-founder of MicroStrategy, a business intelligence company that pioneered the corporate adoption of Bitcoin. MicroStrategy has outperformed every stock in the S&P 500 since adopting its Bitcoin strategy.

MicroStrategy, now rebranded as Strategy, purchased 7,633 Bitcoin last week, after a brief respite in which the firm paused new acquisitions. The company, the world’s largest corporation holding Bitcoin on its balance sheets,

Strategy co-founder Michael Saylor hints at another Bitcoin buy for the software firm with a cryptic post on X.

Strategy, formerly MicroStrategy, has spent another $742 million on Bitcoin after stopping buying the cryptocurrency at the end of January.

MicroStrategy, the veteran software company known for betting billions on Bitcoin, is reinventing itself to better reflect its pivot to crypto. Founded by Bitcoin advocate Michael Saylor, the company announced Wednesday that it will now be called Strategy and described itself as “the world’s first and largest Bitcoin Treasury Company.

MicroStrategy acquires 7,633 BTC for $742M as part of its ongoing Bitcoin acquisition strategy, increasing holdings to 478,740 BTC.

Michael Saylor’s Strategy, the new name announced earlier today for MicroStrategy Inc., had a fourth consecutive quarterly loss as the company faced a $1 billion impairment charge against its Bitcoin holdings.