As shareholders finalize their votes on a proposal for semi-monthly dividends on preferred stock, Strategy executives are actively promoting the company's Bitcoin strategy. Michael Saylor, the executive chairman, highlighted the potential for increased Bitcoin holdings just hours before the announcement of the voting results.
Saylor shared a post on X.com indicating that it might be an opportune moment to purchase more Bitcoin, accompanied by a chart from StrategyTracker.com showing the company's BTC acquisitions over nearly six years. This message garnered significant attention, with 2.3 million views by Sunday afternoon. CEO Phong Le also reiterated the commitment to enhancing Bitcoin holdings, dismissing rumors about the company's strategy.
Strategy currently holds 843,706 Bitcoin, with an average acquisition cost of $75,701 per coin. However, Bitcoin's market value has dropped 16.6% in the past week, hovering around $62,153. The company recently paused its Bitcoin purchases to repurchase corporate debt, which raised concerns among traders about potential liquidations of BTC to facilitate these buybacks.