Strategy chairman Michael Saylor signaled the Bitcoin treasury company will announce fresh purchases of the cryptocurrency in the coming days, posting a 'Working Better' tweet alongside a chart of Strategy's cumulative Bitcoin buys.
The hint comes days before a June 7 proxy vote where the company needs retail shareholders to approve a shift from monthly to semi-monthly dividends on its STRC perpetual preferred stock. The amendment requires 50% of the 85 million outstanding shares to pass.
Strategy currently holds 843,738 Bitcoin with an average cost of $75,701 apiece. Bitcoin was trading near $73,566 at publication.
CEO Phong Le released a video thanking STRC shareholders for their trust and explaining the proposed change. On an internal company channel, Strategy's investor relations team urged employees to vote, noting that every vote counts.
Retail investors have historically shown limited interest in proxy voting, with data from The Harvard Law School Forum on Corporate Governance showing only about 29% of retail-owned shares were voted in recent seasons.