Michael Saylor's 'Working Better' post hints at new Bitcoin acquisition by Strategy
The Bitcoin treasury firm appears ready to reveal it has restarted its BTC accumulation following a recent hiatus, even as the leading cryptocurrency prepares to end the month with losses exceeding 3.5%.
Michael Saylor, who serves as chairman at Strategy, indicated on Sunday that the company specializing in Bitcoin treasury operations would soon be making public new acquisitions of the digital asset.
The message on social media arrives mere days before a shareholder proxy vote that relies significantly on individual retail investors to authorize twice-monthly dividend distributions for the firm's STRC perpetual preferred stock.
Saylor's Sunday morning tweet consisting of "Working Better" accompanied a bubble chart that tracks the company's Bitcoin (BTC) acquisitions spanning almost six years. The chart, sourced from StrategyTracker.com which is registered in Iceland, has been a reliable indicator posted by Saylor in the period preceding announcements of purchases by the largest publicly listed Bitcoin holding company.
It should be noted that whatever purchases are revealed will probably show the company acquired Bitcoin at or beneath the average price of its prior BTC acquisitions. The average purchase price for Strategy's 843,738 Bitcoin stands at $75,701 per coin, while the largest cryptocurrency measured by market capitalization has shed 3.65% of its value throughout May and was changing hands at approximately $73,566 when this article was published, based on data from CoinMarketCap.
Adam Back, who leads Blockstream as CEO, drew attention on Sunday to the fact that BTC's 200-week moving average has climbed well beyond the $61,000 threshold. Technical analysts and some investors interpret this moving average as an indicator of sustained upward momentum in price over the long term.
Individual shareholders face pressure to cast votes on STRC dividend modification
The proposal from Strategy involves switching to semi-monthly dividend payments for STRC, moving away from monthly distributions. According to the company's assertions, approval and implementation of this change would result in diminished reinvestment lag, improved liquidity, enhanced market efficiency and greater price stability.
With only days remaining before the June 7 deadline for proxy voting, both Saylor and Strategy are conducting an intensive campaign to ensure retail shareholders submit their proxy votes. On a company-internal communication channel, the investor relations department at Strategy posted a notification to the entire employee base regarding the company's 2026 annual shareholder meeting and included links to the proposals awaiting shareholder consideration.
"The amendment for STRC to pay semi-monthly dividends, needs 50% of all 85M shares outstanding as of April 17, 2026, to pass, which means every single vote counts," read a May 28 post on Strategy's verified feed on X.com.
Phong Le, serving as CEO, released a video one day prior expressing gratitude to STRC shareholders for placing their confidence in the company. "I wanted to personally walk you through the proposed amendment and what it means for you," he said as an introduction to the minute-and-a-half video.
Individual retail investors have demonstrated minimal engagement when it comes to participating in proxy votes. Research published in November by The Harvard Law School Forum on Corporate Governance presented data indicating that retail investors have historically cast votes for only approximately 29% of the shares they own across the past five proxy voting seasons. In contrast, institutional shareholders have participated at a rate of about 77%.