Saylor hints at Strategy BTC buys as firm pushes STRC dividend vote

Strategy chairman Michael Saylor signaled the Bitcoin treasury company would announce fresh purchases in the coming days, posting on social media just days ahead of a proxy vote that hinges on retail shareholders to enable semi-monthly dividends on the company’s STRC perpetual preferred stock.

His late Sunday tweet, "Working Better," accompanied a bubble chart from Iceland-registered StrategyTracker.com tracking Strategy’s Bitcoin purchases over nearly six years — a chart Saylor has consistently posted in the days before he announces a purchase. Any purchases to be announced will likely reflect buys at or below the average cost of previous purchases: Strategy holds 843,738 Bitcoin at an average cost of $75,701 apiece.

Bitcoin lost 3.65% in May and was trading at about $73,566 at the time of publication, CoinMarketCap data placed it there. Blockstream CEO Adam Back highlighted that BTC’s 200-week moving average has pushed far above $61,000, a level some technical investors view as a long-term upward signal.

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