Michael Saylor has suggested that Strategy could buy more Bitcoin (BTC) this week. He also urged retail investors to vote on a proxy measure allowing semi-monthly STRC payouts.
Saylor Teases Bitcoin Buy
Strategy’s Michael Saylor has hinted that the Bitcoin treasury company could buy more BTC this week. Saylor posted the all-too-familiar chart that has tracked Strategyโs purchases for the better part of six years. The former Strategy Chairman has consistently posted the chart when teasing a substantial corporate purchase. A potential BTC acquisition could add to the companyโs Bitcoin holdings. Strategy currently holds 818,869 BTC, valued at around $67.2 billion at current prices.
Retail Investors Urged to Vote on STRC Dividend Vote
Saylor and Strategy are also encouraging retail investors to vote on a proxy measure that would allow the company to pay semi-monthly dividend payouts to STRC holders. Retail investors own 80% of Strategyโs perpetual Stretch Preferred Stock (STRC). The company claims semi-monthly payments will help reduce reinvestment lag, enhance liquidity, and ensure price stability. Strategy acknowledged the importance of retail investors in its social media feed as it attempts to get them to return their proxy vote, stating in a post on X,
โIf you are a STRC shareholder and have not already voted, please take a moment to do it now. Together, we can make history and establish the $100 standard for Digital Credit. 80% of STRC is held by retail investors. This amendment is for you. Vote for STRC to pay semi-monthly dividends. Your vote matters. Make it count.โ
Limited Interest
However, Saylor and Strategyโs overtures have seen a lukewarm response from retail investors. A Harvard Law School research note revealed that retail investors voted on only about 29% of their owned shares over the past five proxy voting seasons. On the other hand, institutional investors have voted about 77%.
Strategy has rescheduled a live Q&A session with Saylor and CEO Phong Le for Wednesday at 5 PM ET as it tries to drum up support. The session will be moderated by Natalie Brunell and will be livestreamed on YouTube and X, and retail shareholders have been encouraged to submit their questions.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
