Strategy holds 780,897 BTC, worth approximately $58.2 billion, making it the largest corporate Bitcoin holder
Bitcoin News
Strategy co-founder Michael Saylor posted "Think Even ₿igger" on X on Sunday, sharing a chart of the company's BTC purchase history, a pattern he has historically used to signal an upcoming acquisition announcement. The post came one week after Strategy disclosed it had bought 13,927 BTC between April 6 and 12 at an average price of $71,902 per coin, totaling $1 billion.
Strategy holds 780,897 BTC, worth approximately $58.2 billion, making it the largest corporate Bitcoin holder among publicly traded companies, according to Bitbo. The company buys BTC on a near-weekly basis and has filed to adjust how frequently it pays dividends to stockholders.
In a shareholder video presentation shared Friday, Strategy CEO Phong Le said the company is proposing to shift dividend payments to a semi-monthly schedule, paying on the 15th and last day of each month, for a total of 24 payments per year at the current rate of 11.5%. Le said the change is intended to stabilize the stock price, reduce cyclical demand swings, improve liquidity, and grow overall demand for shares.
One of the main drivers behind the proposal, Le explained, is a pattern of demand dropping off after investors are no longer eligible for an upcoming dividend, which slows buying activity and reduces the pace of new share issuance. "If we were to move forward with paying STRC to semi-monthly, we would be in category 1, the only preferred in the world that pays semi-monthly dividends," Le said. "We think this is unique and this is attractive."
The company considered weekly and daily record date schedules before settling on semi-monthly. NASDAQ rules require a minimum 10-day gap between a dividend record date and its payment date, which constrained how frequently the schedule could run, according to Le.
A preliminary proxy filing was submitted to the U.S. Securities and Exchange Commission on Friday. The definitive proxy is expected on April 28, when shareholder voting opens. Voting closes June 8 at the annual shareholder meeting, with the new dividend schedule set to begin mid-July if approved.
Strategy's MSTR stock rose 11.8% on Friday to $166.52, though it remains down more than 47% over the past year, according to Google Finance. The company also reported $14.46 billion in unrealized losses on its digital asset holdings in its first-quarter financial results earlier this month.
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