Saylor hints at Bitcoin buy, urges STRC retail vote

Michael Saylor, chairman of Strategy, posted on X that the company would buy more Bitcoin this week and urged retail holders of the firm’s perpetual STRC preferred stock to return proxy ballots on a proposed dividend change.

Saylor posted the words “Big Dot Energy” alongside a bubble chart tracking Strategy’s Bitcoin purchases over nearly six years. He has shared a similar chart ahead of prior corporate buys. Strategy’s holdings total 818,869 BTC, valued at about $67.2 billion based on a market price of $77,996.91 per coin at the time of publication.

The proxy submitted to shareholders would change STRC dividend payments from monthly to semi-monthly. Strategy said the amendment would reduce reinvestment lag, improve liquidity, increase market efficiency and support price stability for the preferred shares. The company noted that about 80% of STRC is held by retail investors and set a June 8 deadline for returned ballots.

On X, Saylor asked STRC holders who had not yet voted to “take a moment to do it now” and added, “Together, we can make history and establish the $100 standard for Digital Credit.” Strategy’s official account repeated the appeal and encouraged retail participation.

A November research note found retail investors have voted roughly 29% of their shares in recent proxy seasons, while institutional holders have voted about 77%.

To boost retail turnout, Strategy rescheduled a live question-and-answer session with Saylor and CEO Phong Le for May 20 at 5 p.m. ET. The event will be moderated by Natalie Brunell and livestreamed on YouTube and X; the company invited shareholders to submit questions in advance.

Strategy has not disclosed the size or precise timing of any planned Bitcoin purchase beyond Saylor’s posts. The proposed dividend schedule change would take effect only if shareholders approve the proxy.