Michael Saylor hinted at another Bitcoin purchase as Strategy seeks shareholder approval for STRC changes.
Bitcoin News
Strategy chairman Michael Saylor posted a bubble chart on May 31 mapping nearly six years of Bitcoin (BTC) purchases by the company. The image came from StrategyTracker(dot)com, an Iceland-registered site that tracks every acquisition Strategy has made. Saylor captioned the post, "Working Better."
The chart has appeared on Saylor's social media feed ahead of every previous purchase announcement by the company. No formal disclosure had been made as of May 31.
Strategy holds 843,738 BTC, acquired at an average price of $75,701 per coin. Bitcoin was trading at approximately $73,566 on May 31, according to CoinMarketCap data. The asset has lost roughly 3.65% of its value during May, meaning any newly disclosed purchase would likely fall below the company's existing average cost.
Blockstream CEO Adam Back noted on May 31 that BTC's 200-week moving average has risen well above $61,000. Some technical investors track that level as an indicator of long-term upward price direction.
Proxy Vote Deadline Adds Pressure
A separate matter is pressing the company at the same time. Strategy is seeking shareholder approval to change dividend payments on its STRC perpetual preferred stock from monthly to semi-monthly. The proxy vote closes June 7.
The company says the change would reduce reinvestment lag and improve liquidity and price stability for the instrument. Passing the amendment requires votes from 50% of the 85 million shares outstanding as of April 17, 2026.
Strategy posted a reminder on X on May 28, stating that every single vote counts. CEO Phong Le published a video on May 27 directed at STRC shareholders, walking through what the amendment would mean in practice.
Strategy's investor relations team also circulated a message to all employees with links to the proposals on the agenda for the company's 2026 annual meeting. The internal post provided direct access to the shareholder voting materials.
Retail investor participation in proxy votes has historically been low. A research note published by the Harvard Law School Forum on Corporate Governance found that retail investors cast votes on roughly 29% of their shares across the past five proxy seasons. Institutional holders voted on approximately 77% of their shares over the same period.
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