Strategy co-founder Michael Saylor has teased another substantial Bitcoin purchase just one week after the company disclosed acquiring approximately $1 billion worth of the cryptocurrency.
Saylor posted “Think Even ₿igger” on X on Sunday, accompanied by a chart displaying Strategy’s Bitcoin purchase history. The executive has historically used similar social media posts to hint at upcoming acquisition announcements.
The latest teaser comes just a week after Strategy disclosed on Monday that it acquired 13,927 Bitcoin for $1 billion between April 6 and 12, at an average price of $71,902 per coin. Prior to that announcement, Saylor posted “Think ₿igger” on X.
The hint at additional Bitcoin buying arrives as Strategy proposes a significant change to its dividend payment structure. The company filed a preliminary proxy with the US Securities and Exchange Commission on Friday, outlining plans to increase dividend payment frequency to twice monthly.
In a video presentation to shareholders shared by Saylor on Friday, Strategy CEO Phong Le explained the company hopes to pay dividends on the 15th and again at the end of each month. This would bring the total to 24 payments per year at the current rate of 11.5%.
“What do we think this will do, it should stabilize the price, dampen cyclicality, drive further liquidity and grow demand,” Le said in the presentation.
The definitive proxy filing is expected on April 28, when voting opens to approve or reject the measure. Voting closes on June 8 at the annual shareholder meeting, with the new schedule expected to start mid-July if approved.
Le identified a key problem the semi-monthly dividend schedule aims to address: declining demand after investors become ineligible for upcoming dividends. This cooling effect on buying activity has slowed the pace of new share sales, according to the CEO.
See also: MicroStrategy’s Bitcoin Holdings Return to Profit as BTC Surges Past $77,000
“If we were to move forward with paying STRC to semi-monthly, we would be in category 1, the only preferred in the world that pays semi-monthly dividends. We think this is unique and this is attractive,” Le added.
The company explored numerous alternatives before settling on the semi-monthly structure. Strategy considered weekly and even daily dividend record dates, but ultimately chose the semi-monthly schedule based on NASDAQ stock exchange rules. Industry regulations require a minimum gap of ten days between the record date and the payment date, according to Le.
Strategy maintains the largest Bitcoin holdings among publicly traded companies with 780,897 coins, worth $58.2 billion, according to Bitbo data. The company has also established itself as one of the most frequent buyers with regular weekly purchases.
The company’s stock (MSTR) jumped 11.8% on Friday to $166.52. However, shares remain down more than 47% over the past year, according to Google Finance data.
Strategy’s continued Bitcoin accumulation comes despite the company carrying significant unrealized losses on its holdings. Earlier this month, Strategy reported in its first-quarter financial results that its unrealized losses on digital assets reached $14.46 billion.
The proposed dividend change represents no modification to the annual dividend obligations or dividend rate, according to Saylor’s Friday X post. The adjustments are specifically intended to stabilize price, dampen cyclicality, drive liquidity, and grow demand for the company’s preferred stock.
Strategy’s aggressive Bitcoin acquisition strategy has made it a bellwether for institutional cryptocurrency adoption. The company’s regular purchases have positioned it as a key player in the corporate Bitcoin treasury movement.
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