Saylor signals possible BTC buy as preferred dividend vote nears

Saylor signals possible BTC buy as preferred dividend vote nears — Cointelegraph.com News
Source: Cointelegraph.com News

Executive chairman Michael Saylor posted on X on Sunday, suggesting pending news about changes to the company’s Bitcoin holdings just hours before shareholders cast final votes on a proxy to pay dividends twice a month on its preferred STRC shares. “A good time to add more dots,” Saylor wrote alongside a bubble chart from Iceland‑registered StrategyTracker.com that he has repeatedly shared ahead of prior purchases.

The post drew about 2.3 million views by mid‑afternoon, and CEO Phong Le echoed the message, saying the company’s plan is to increase net Bitcoin and Bitcoin per share over time. If any purchases are announced, they will likely be at or below Strategy’s average cost of $75,701 for its current holdings of 843,706 BTC.

Bitcoin has lost 16.6% over the past seven days and was trading at about $62,153 at the time of publication, according to CoinMarketCap data. Last week the company repurchased some corporate debt and temporarily paused accumulation, prompting market concern that it might need to liquidate BTC to fund buybacks.

Iceland

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