Strategy chairman Michael Saylor signaled his Bitcoin treasury company is preparing to announce fresh cryptocurrency purchases. The social media post comes as the firm presses retail shareholders to approve a proxy vote to change dividend payments on its STRC preferred stock, which requires a 50% vote of all outstanding shares to pass.
Strategy Chairman Michael Saylor posted a cryptic message on social media, stating “Working Better,” which he has historically used to signal upcoming Bitcoin purchases. The company, which holds 843,738 BTC at an average cost of $75,701 per coin, would be buying while Bitcoin trades around $73,566.
The signal coincides with a critical proxy vote deadline on June 7 regarding the company’s STRC perpetual preferred stock. Strategy is proposing to pay semi-monthly dividends instead of monthly, a change the company claims will reduce reinvestment lag and enhance liquidity.
The company stated on its verified social media feed that the amendment “needs 50% of all 85M shares outstanding as of April 17, 2026, to pass, which means every single vote counts.” CEO Phong Le posted a video thanking shareholders and walking them through the proposed change.
Retail investor participation is a key concern, as data highlighted by The Harvard Law School Forum on Corporate Governance shows retail investors have voted only about 29% of their shares in past proxy seasons. Meanwhile, Blockstream CEO Adam Back highlighted that Bitcoin’s 200-week moving average has pushed above $61,000, a metric some view as a long-term bullish indicator.
