MicroStrategy signals new Bitcoin purchase as shareholders vote on dividend schedule

Chief Executive Michael Saylor posted a chart on X on 7 June with the caption “A good time to add more dots,” indicating that MicroStrategy may be buying more Bitcoin ahead of a proxy vote on changing the dividend payment frequency for its preferred shares from monthly to semi‑monthly. The vote could affect the company’s treasury liquidity and its strategy of accumulating Bitcoin.

MicroStrategy holds over 840 000 BTC, with an average cost of roughly $75,700 per coin, far above the current price of about $62,150, creating an unrealized loss of more than $11 billion. The firm recently paused purchases during a debt‑buyback program and sold 32 BTC on 1 June. Saylor’s signal suggests the pause may be ending and that the company could resume buying during the market correction, a move closely watched by crypto investors because it influences Bitcoin’s market liquidity and sentiment.

The announcement comes as the company’s market valuation remains below the net value of its Bitcoin holdings, a factor that has drawn investor scrutiny of its leveraged acquisition model.