Michael Saylor Hints at Another Major Bitcoin Purchase
- Strategy co-founder Michael Saylor hinted at a new Bitcoin purchase shortly after acquiring 13,927 Bitcoin for $1 billion between April 6 and April 12.
- The average price paid was $71,902 per coin, with the announcement made via a post on X.
- Strategy plans to increase dividend payments to shareholders from monthly to semi-monthly, totaling $STRC dividends of up to 24 times a year.
- The company holds the largest stash of Bitcoin among publicly traded firms, totaling 780,897 coins, valued at approximately $58.2 billion.
- Despite significant unrealized losses of $14.46 billion reported in Q1, Strategy remains a frequent buyer of Bitcoin.
Saylor’s recent hints come as Strategy aims to stabilize its stock price and drive demand through more frequent dividend payments. The definitive proxy filing for this change is expected on April 28.
Following the latest purchase announcement, Strategy’s stock rose by 11.8% to $166.52 but remains down over 47% year-over-year.(Source)
