Michael Saylor Hints at Upcoming Bitcoin Purchases
- Michael Saylor announced potential new purchases of Bitcoin ahead of a crucial proxy vote.
- Strategy currently holds approximately 843,738 BTC, with an average purchase cost of $75,701 each.
- As of publication, Bitcoin was trading around $73,566, reflecting a loss of about 3.65% in May.
- The company is proposing semi-monthly dividend payouts on its STRC preferred stock to enhance liquidity and market efficiency.
- A proxy vote on the dividend change is set for June 7, requiring over half of the outstanding shares to pass.
Saylor’s announcement comes as retail investors are urged to participate in the upcoming proxy vote regarding changes to dividend payouts for STRC shares. The outcome could significantly impact shareholder returns and company liquidity.
With Bitcoin’s current trading price below its average acquisition cost, any new purchases by Strategy may aim to capitalize on favorable market conditions. (Source)
