Michael Saylor Teases Bitcoin Expansion as Holdings Approach 800K BTC
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Michael Saylor, co-founder of Strategy, recently hinted at another significant Bitcoin acquisition, following the company’s reported purchase of $1 billion worth of Bitcoin earlier this month.
Currently, Strategy boasts the largest Bitcoin treasury among publicly traded companies, holding approximately 780,897 Bitcoins. This impressive holding is valued at around $58 billion.
In a post shared on social media, Saylor referenced a chart illustrating the company’s Bitcoin acquisition history, coupled with a message encouraging followers to “Think Even ₿igger.” This statement has fueled speculation about an upcoming sizable investment in Bitcoin.
The recent activity includes a regulatory filing in which Strategy disclosed acquiring 13,927 Bitcoins from April 6 to April 12, costing the firm $1 billion at an average price of $71,902 per token.
Alongside the potential Bitcoin expansion, Strategy CEO Phong Le has proposed transitioning to a semi-monthly dividend distribution model, aiming to enhance liquidity within the company. This new structure suggests dividends would be paid out on the 15th and at the end of each month.
According to Le, the frequency of payments would increase to 24 annually at the current dividend rate of 11.5%. He believes this move could stabilize the stock price, reduce volatility, and drive demand for shares.
The CEO also pointed out that the current dividend schedule leads to a decline in trading activity after payout eligibility ends. Switching to a semi-monthly structure, Le claimed, would position Strategy as the only preferred stock globally to implement such a frequent distribution.
Despite facing significant unrealized losses from digital assets, with first-quarter reports indicating losses totaling $14.46 billion, the market responded positively to the dividend proposal and the notion of additional Bitcoin purchases. This led to a notable increase in MSTR shares, which climbed 11.8% to $166.52.
A preliminary proxy filing regarding the dividend change has been submitted to the SEC, with an official version anticipated by April 28. Should shareholders endorse the proposal during the annual meeting scheduled for June 8, the new dividend cycle may commence in mid-July, adhering to Nasdaq rules that require a 10-day window between the record date and payment.
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