Strategy co-founder Michael Saylor indicated potential plans for another significant acquisition of Bitcoin, following a recent purchase of nearly $1 billion worth of the cryptocurrency. The company announced last Monday that it had acquired 13,927 Bitcoin during the week of April 6 to 12, with an average cost of $71,902 per coin.
In a post on X, Saylor shared a chart illustrating the company's purchase history, suggesting further acquisitions may be forthcoming. This announcement comes on the heels of a proposal to modify dividend payment frequency for stockholders, which aims to stabilize demand and pricing.
During a shareholder video presentation, Strategy's CEO Phong Le outlined plans to shift from monthly to semi-monthly dividends, with payments scheduled for the 15th and at the end of each month. The preliminary proxy filing was submitted to the US Securities and Exchange Commission last Friday, with a definitive filing expected by April 28. Voting on this proposal will conclude on June 8 at the annual meeting.