Strategy Bitcoin plans returned to focus on Sunday after Michael Saylor signaled another possible purchase. He also urged STRC retail shareholders to vote on a proxy measure allowing semi-monthly dividend payments on Strategy’s perpetual Stretch preferred stock for holders now.
On X, Saylor has made a post titled “Big Dot Energy” that shows a bubble chart showing the company’s Bitcoin holdings over nearly six years. The chart came from StrategyTracker.com and has often appeared before Strategy announced new Bitcoin buying activity.
Also Read: Bitcoin Price Rejected at $80,000 as Technical Indicators Flash Warning Signs
Strategy Bitcoin Focus Expands Ahead of STRC Vote
A fresh purchase would bring Strategy’s total Bitcoin holdings to 818,869. The value of those holdings was estimated at $67.2 billion at the current Bitcoin price of $77,996.91 at the time of writing, according to StrategyTracker.com.
The latest Strategy Bitcoin signal came as Saylor and Strategy’s official accounts promoted the STRC proxy vote. Retail shareholders control 80% of its perpetual Stretch preferred stock, Strategy said.
The offering would include a shift in paying STRC dividends from a monthly frequency to a semi-monthly frequency. The change would make reinvestment lag smaller and more liquid, support market efficiency, and make prices more stable, Strategy said.
Saylor urged shareholders to vote before the June 8 deadline. In another Sunday post, he asked STRC holders who had not voted to do so and said they could help set the $100 standard for digital credit.
Strategy Seeks More Retail Votes Before Deadline
The Strategy Bitcoin campaign also emphasizes the issue of retail shareholder turnout. A November research note from the Harvard Law School Forum on Corporate Governance said retail investors voted about 29% of their owned shares during the past five proxy voting seasons.
The participation of institutional holders was higher during the same period. The same research note said institutional investors voted about 77% of their shares, leaving a wide turnout gap between both groups.
Saylor and CEO Phong Le have rescheduled a live Q&A session with retail investors. It will take place on May 20 at 5pm ET and will be introduced with a podcast on Coin Stories by the host Natalie Brunell.
Shareholders are also invited to ask a question before the session as Strategy works to boost shareholder turnout, and the Q&A will be livestreamed on YouTube and X.
The Strategy Bitcoin update now requires the participation of shareholders to buy possible. Strategy Bitcoin focus remains on holdings, STRC votes, and the June 8 deadline.
Also Read: Strategy Bitcoin Debt Plan Advances with $1.5B Convertible Note Buyback
