Michael Saylor, co-founder of Bitcoin treasury company Strategy, has hinted at another major Bitcoin acquisition. This follows last week’s disclosure of a $1 billion purchase. Simultaneously, Strategy proposed increasing its dividend frequency to twice monthly, aiming to stabilize its stock price and grow demand. The company holds over 780,000 Bitcoin, currently valued at approximately $58.2 billion.
Michael Saylor, co-founder of Strategy, has implied an additional large Bitcoin purchase is imminent. The signal came just one week after the company revealed it bought nearly $1 billion worth of Bitcoin in early April.
Strategy disclosed it acquired 13,927 Bitcoin for $1 billion between April 6 and 12. Saylor then posted “Think Even ₿igger” on social media, a move he has historically used to foreshadow purchase announcements.
The company also proposed shifting from monthly to semi-monthly dividend payments to stockholders. CEO Phong Le said this change should “stabilize the price, dampen cyclicality, drive further liquidity and grow demand.”
A primary reason for the proposal was to address plunging demand after dividend eligibility dates. Le noted this cooling period slowed the pace of new share sales for the company.
Strategy possesses the largest Bitcoin treasury among public companies, holding 780,897 coins according to Bitbo. This stash is currently worth approximately $58.2 billion.
The company continues buying Bitcoin despite reporting significant unrealized losses. Its first-quarter results showed $14.46 billion in unrealized losses on digital assets.
