- Michael Saylor’s “Fade to Orange” tweet hints at Bitcoin’s dominance and rising influence.
- MicroStrategy boosts Bitcoin holdings to 506,137 BTC after a $584M purchase.
- Bitcoin approaches $88K as Saylor’s cryptic message fuels market speculation.
Michael Saylor, executive chairman of MicroStrategy and a Bitcoin advocate, has once again caught the attention of the crypto world with a cryptic post. On March 25, Saylor shared an image on X (formerly Twitter) where he was dressed entirely in orange, sitting in an orange-colored room.
The caption read:
“Fade to orange.”
The phrase appears to reference Metallica’s song Fade to Black, but in the Bitcoin (BTC) community, the color orange is strongly associated with the crypto. While Saylor did not provide any further explanation, many believe this is his way of reinforcing his unwavering commitment to Bitcoin.
This tweet follows a similar post from March 22, where Saylor was pictured sitting in stormy waters, wearing an orange tie. The consistent use of orange in his recent posts has led to speculation that he is sending a message about Bitcoin’s growing dominance.
Saylor’s Bitcoin Strategy Continues as MicroStrategy Expands Holdings
Saylor’s cryptic message comes shortly after MicroStrategy’s latest Bitcoin acquisition. On March 24, the company disclosed that it had purchased 6,911 BTC between March 17 and March 23 for approximately $584 million.
Meanwhile, the purchase was made at an average price of $84,529 per Bitcoin, according to a filing with the U.S. Securities and Exchange Commission (SEC).
With this addition, MicroStrategy’s total Bitcoin holdings now exceed 506,137 BTC, solidifying its position as the largest corporate Bitcoin holder. The company’s long-term investment strategy has resulted in unrealized gains of over $10 billion, as Bitcoin’s current price trades well above its average purchase cost of $66,608 per BTC.
Bitcoin Nears $88,000 as Market Watches Saylor’s Moves
As Saylor continues to make bold statements about Bitcoin, the cryptocurrency itself is trading near record highs. At the time of writing, Bitcoin was priced at $87,796, reflecting a 0.3% decline from the previous day, based on Coingecko data. The market has been steadily climbing, with Bitcoin approaching the $88,000 mark.
Saylor’s recent tweet has fueled further speculation about Bitcoin’s trajectory. Some in the crypto community interpret “Fade to orange” as a call to go all in on Bitcoin, while others see it as a symbolic reference to Bitcoin’s growing dominance in global finance.
Speculation Grows Around Saylor’s Next Move
Saylor’s social media activity has frequently been linked to his company’s Bitcoin strategy, and this latest tweet is no exception. While MicroStrategy continues to accumulate Bitcoin, some of its recent purchases have seen short-term losses. For instance, on January 27, MicroStrategy acquired 10,107 BTC at an average price of $105,596 per coin, which has since decreased in value.
Despite short-term fluctuations, Saylor remains committed to Bitcoin, often advocating for its adoption as a hedge against inflation. His latest cryptic tweet leaves room for interpretation, but one message is clear—he continues to stand by Bitcoin, regardless of market conditions.
