MicroStrategy, led by chairman Michael Saylor, has indicated plans for new Bitcoin acquisitions ahead of a crucial proxy vote on June 7. The vote concerns a proposed change to the dividend schedule of its STRC perpetual preferred stock, which could impact the company's Bitcoin accumulation strategy. Currently, MicroStrategy holds 843,738 BTC at an average cost of $75,701 per coin, with Bitcoin trading around $73,566.
The proposed dividend change from monthly to semi-monthly aims to reduce reinvestment lag and improve liquidity. This vote is pivotal as it requires a 50% approval from shareholders, with a focus on increasing retail investor participation. The outcome could influence MicroStrategy's capital allocation and its role as a major public Bitcoin holder.
MicroStrategy Signals New Bitcoin Purchases Ahead of Key Proxy Vote
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