MicroStrategy Saylor post hints Bitcoin buy, dividend vote

Michael Saylor, the founder and executive chairman of MicroStrategy, has sparked market speculation that the company may soon announce a new Bitcoin purchase. On Sunday, May 31, Saylor posted the phrase "Working Better" on his social media account, accompanied by a bubble chart tracking the company's Bitcoin acquisitions over nearly six years. This pattern of communication has historically preceded official filings confirming new Bitcoin buys by the world's largest publicly traded corporate holder of the cryptocurrency.

The social media activity comes as MicroStrategy approaches a critical corporate governance decision. Shareholders face a June 7 deadline to vote on a proposal to change the dividend payment schedule for the company's STRC perpetual preferred stock. The proposal seeks to shift payments from monthly to semimonthly. Company leadership, including CEO Phong Le, has actively encouraged shareholder participation, emphasizing that the amendment requires approval from 50% of all 85 million outstanding shares. In a video message, Le stated he wanted to personally explain the proposed amendment and what it means for shareholders.

MicroStrategy has stated the change is...