Strategy’s Saylor signals BTC buy as preferred dividend pay date vote looms
Michael Saylor signaled a possible new Bitcoin purchase by posting Strategy’s familiar “dot” chart on X, with CEO Phong Le reinforcing that the company aims to keep increasing both net Bitcoin and Bitcoin per share. Any new buy would likely be near or below Strategy’s average BTC cost of about $75,701, as Bitcoin recently fell about 16.6% over the week to around $62,153. Last week, Strategy also repurchased some corporate debt, briefly pausing Bitcoin accumulation and raising concerns the company might need to sell BTC, though no liquidation has been announced. Separately, shareholders are voting on a proxy proposal to change STRC preferred dividends from monthly to twice a month. Strategy says the move would reduce reinvestment lag and improve liquidity and price stability. The amendment needs approval from holders of at least 50% of shares outstanding, with the decision expected at Monday’s shareholder meeting.
