Michael Saylor announced plans for a Bitcoin purchase this coming week, while urging retail shareholders to participate in an upcoming proxy vote concerning semi-monthly dividend payments for the company’s STRC stock. The firm currently holds a total of 818,869 Bitcoins, valued at approximately $67.2 billion based on current market prices.
On social media, Saylor emphasized the significance of the vote, which aims to allow semi-monthly payouts on STRC perpetual preferred stock, rather than the traditional monthly distribution. This amendment is expected to improve liquidity and market stability if approved.
With a proxy vote deadline set for June 8, Saylor is actively encouraging the retail shareholders, who own 80% of the STRC stock, to participate. His recent posts highlight the potential to set a new standard for digital credit through this initiative, framing it as a historic moment for the investors involved.