Michael Saylor signals fresh Bitcoin buy as Strategy pushes

Michael Saylor posted a bubble chart of Strategy’s Bitcoin purchases on X Sunday, captioned “A good time to add more dots,” a signal that the company may disclose a new BTC acquisition before the upcoming shareholder vote on its dividend schedule [1]. The post, which amassed 2.3 million views, arrived just hours before the proxy vote that will decide whether the STRC preferred stock will pay dividends twice a month instead of once, a change that requires support from holders of at least 50 % of the roughly 85 million shares outstanding as of April 17, 2026 [1].

Strategy currently holds about 843,706 BTC at an average cost of $75,701 per coin, valuing the treasury at roughly $52.2 billion based on the $62,153 price at the time of reporting—a loss of about $11.7 billion, or 18 % underwater [1]. The company’s recent pause on Bitcoin accumulation, caused by a corporate debt repurchase, had sparked market concern that a liquidation might be needed to fund the buyback. Saylor’s tweet suggests any new purchase would be made at or below the existing average cost, reinforcing the firm’s stated goal of increasing net Bitcoin and Bitcoin‑per‑share over time [1].

The dividend amendment, championed by Saylor at the Synergy26 conference, is pitched as a way to reduce reinvestment lag, improve liquidity and price stability for STRC, and provide more entry and exit points for investors. If approved, the semi‑monthly payouts would begin in June and take effect in July, potentially lowering volatility and boosting the Sharpe ratio of the preferred share [1]. Retail participation in proxy voting has historically been low—about 29 % of owned shares—while institutional holders have voted roughly 77 % in recent seasons, leaving the outcome uncertain [1].

The convergence of Saylor’s buying signal and the dividend vote underscores Strategy’s dual focus on aggressive Bitcoin treasury growth and financial engineering of its preferred stock. Investors will watch the June 7 annual meeting for the vote’s result and await any official filing that confirms a new Bitcoin purchase, which could signal confidence in the asset despite its recent price decline. The real question remains whether the semi‑monthly dividend change will garner enough support to pass and how a fresh Bitcoin buy—if confirmed—will affect Strategy’s already sizable, yet underwater, treasury position.