On Sunday, strategy watchers weren’t disappointed as Michael Saylor, the executive chairman of STRC Holdings Inc. took to Twitter to announce pending information on the changes to the company’s Bitcoin holdings. This was hours before the results of the shareholder vote on the proxy measure which would have the STRC pay dividends on preferred STRC stock twice monthly.
“A good time to add more dots,” The message Saylor posted Charts tracking Strategy’s Bitcoin (BTC), over the course of nearly six years, are available on X.com. This chart is from Iceland registered StrategyTracker.comSaylor has consistently published, in the weeks leading up to news about a Bitcoin purchase made by the largest publicly listed Bitcoin owner.
By mid-afternoon on Sunday, Michael Saylor’s X post had 2.3 million views. Source: Michael Saylor X.com
Phong Le, CEO of Phong Le Group, shared Saylor’s tweet on Twitter. message, “Our corporate @Strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors.”
The Bitcoin Treasury Company will most likely announce that it has purchased at or under the average BTC price paid by previous buyers. This average is a good indicator. cost The current value of Strategy’s Bitcoin holdings, 843 706, is $75 701. The largest cryptocurrency according to market cap, has fallen 16.6%% in value over the last seven days. Trading at around $62,153 as of the publication date, CoinMarketCap reports. data.
The company announced last week that they had repurchased corporate debt and temporarily halted their Bitcoin accumulation. This sent traders into a frenzy as they feared the company would have to sell some BTC to pay for the buybacks.
Related: Strategy’s leveraged Bitcoin model has faced its first stress test: Grayscale
STRC Dividend Change Proxy Vote is a race to the finish line
The strategy shareholders were asked to approve the a change Dividend payments for STRC will be semi-monthly, instead of being paid monthly. According to the company, if adopted and approved, this will result in a reduction of reinvestment delays, an increase in liquidity and market efficiency as well as a greater price stability.
“We think that it should decrease the volatility, should cut the volatility by some decent factor. It should increase the Sharpe ratio. It provides more entry and exit points. There’s 24,000 companies that pay a quarterly dividend. 176 pay monthly. We’ll be paying twice a month. And so that’s, it’s an interesting thing. It all will start in June. In July,” Saylor said Last week, registered investment advisers attended the Synergy26 Conference.
Chart illustrating proposed changes in dividend frequency.
Source: Strategy SEC filing
For the STRC dividend amendment to be passed, it needs to receive 50% of the 85,000,000 shares that are outstanding on April 17, 2026. according To the Company
It is likely that the decision will be made at Strategy’s shareholder meeting on Monday. In an email sent to Alliance Advisors, Cointelegraph asked for information about the number of shareholders that had voted on June 7. No immediate response was received.
The number of retail investors voting proxy votes has declined. The November research note Data from the Harvard Law School Forum on Corporate Governance shows that during each of the five previous proxy voting periods, retail investors have voted consistently only 29%. The voting percentage for institutional investors is 77%.
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Source: cointelegraph.com
