Michael Saylor Hints at Upcoming Bitcoin Purchases Ahead of Proxy Vote
- Michael Saylor announced potential new purchases of Bitcoin shortly before a crucial proxy vote.
- Strategy’s average cost for its holdings of 843,738 BTC is $75,701 each, while BTC was trading around $73,566.
- The company seeks to change its dividend payout from monthly to semi-monthly, requiring over half of the votes from its outstanding shares.
- Retail investors have historically voted only about 29% of their owned shares in proxy votes, compared to approximately 77% by institutional holders.
- Blockstream CEO Adam Back noted that BTC’s moving average has surpassed $61,000, indicating a potential long-term upward trend.
Saylor’s announcement comes as Strategy aims to secure enough votes for a dividend amendment ahead of the June deadline. The company’s push for retail shareholder engagement highlights the importance of participation in corporate governance.
With an average Bitcoin purchase cost exceeding $75,000 and current trading values lower at around $73,500, the upcoming announcements are significant for both shareholders and market observers alike. (Source)
