Michael Saylor Signals Weekly BTC Buy While Pushing STRC Proxy Vote
Summary
Michael Saylor, chairman of Strategy, signaled an impending Bitcoin purchase on social media, building upon the company's existing portfolio of over 818,000 BTC. Concurrently, Saylor is actively campaigning for retail investors to participate in a proxy vote regarding the company’s STRC perpetual preferred stock. The proposed amendment aims to shift dividend payouts from monthly to semi-monthly, which the company claims will improve liquidity and price stability. With retail investors holding 80% of STRC stock but historically having low voter turnout, Strategy is hosting a live Q&A session with Saylor and CEO Phong Le to encourage participation before the June 8 deadline.
(Source:Cointelegraph)