Strategy co-founder Michael Saylor has hinted at another large Bitcoin purchase, just a week after the company disclosed buying around $1 billion worth of bitcoin in the second week of April.
Saylor posted “Think Even ₿igger” on X on Sunday along with a chart of Strategy’s purchase history — something he has historically done to signal an upcoming buy announcement.
The $1B purchase
Strategy disclosed last Monday that it acquired 13,927 bitcoin for $1 billion between April 6 and 12, at an average price of $71,902 per coin, posting “Think ₿igger” the day before that filing.
The company now holds 780,897 bitcoin — the largest stash among publicly traded companies — worth roughly $58.2 billion according to Strategy’s treasury tracker.
Strategy’s stock (MSTR) jumped 11.8% on Friday to $166.52, though it remains down more than 47% over the past year.
The buying continues despite the company sitting on significant unrealized losses. In its first-quarter results, Strategy reported unrealized losses on digital assets of $14.46 billion.
Semi-monthly dividends proposed
The latest purchase hint comes just days after Strategy proposed increasing the frequency of dividend payments on its STRC preferred stock from monthly to twice a month.
In a video presentation to shareholders, Strategy CEO Phong Le said the company hopes to pay dividends on the 15th and at the end of each month — 24 times a year — at the current rate of 11.5%.
Le explained the reasoning:
“What do we think this will do, it should stabilize the price, dampen cyclicality, drive further liquidity and grow demand.”
Shareholder vote timeline
Le said one of the main drivers behind the proposal was a drop in demand after investors were no longer eligible for the upcoming dividend, which cooled buying activity and slowed new share sales.
The company considered weekly and even daily dividend record dates before settling on semi-monthly, but NASDAQ rules require a minimum ten-day gap between the record date and payment date.
A preliminary proxy filing was sent to the US Securities and Exchange Commission on Friday.
The definitive proxy filing is expected on April 28, when voting opens, with the shareholder vote closing June 8 at the annual meeting.
If approved, the new schedule would begin mid-July.
