Saylor Signals BTC Buy Ahead of Preferred Dividend Date Vote
Strategy, the billion-dollar holder of Bitcoin in the corporate treasury space, is once again sparking investor intrigue as a pivotal proxy vote on its STRC dividend schedule nears. Executive chairman Michael Saylor used social media to hint at forthcoming news regarding the comp...
➤ Michael Saylor hinted at new Bitcoin purchases for Strategy Inc. ahead of a shareholder vote on changing the company's dividend schedule from monthly to semi-monthly. ➤ Strategy holds a significant amount of Bitcoin (843,706 BTC) with an average cost basis of $75,701, while Bitcoin's current market price is around $62,150, indicating a paper loss. ➤ The proposed dividend change aims to improve liquidity and market efficiency, but recent debt repurchases have raised concerns about the company's ability to manage liquidity while maintaining its Bitcoin accumulation strategy.