Strategy buys 1,550 BTC as dividend vote looms

Strategy, the bitcoin‑treasury company led by Michael Saylor, announced the purchase of 1,550 Bitcoin for about $101 million, raising its total holdings to roughly 845,000 BTC. The acquisition was made at an average price of $65,332 per coin, well below the company’s overall cost basis of $75,701 per BTC. The buy follows a modest sale of 32 BTC a week earlier that generated market concern.

Saylor used his X (formerly Twitter) account to signal the move, posting a bubble chart of the firm’s bitcoin purchases and writing “a good time to add more dots.” The timing coincides with a pending shareholder vote on a proposal to change the STRC preferred‑share dividend cadence from monthly to semi‑monthly, which requires approval from at least 50 % of the 85 million outstanding shares. CEO Phong Le reiterated the company’s goal of increasing net bitcoin and bitcoin‑per‑share, dismissing rumors of a sell‑off.

Bitcoin’s price has slipped about 16.6 % over the past week, trading near $62,000, while Strategy’s earlier debt‑repurchase paused its bitcoin accumulation and sparked worries that the firm might need to liquidate holdings to fund the buyback. The new purchase is seen as a reaffirmation of the firm’s long‑term accumulation strategy and is expected to influence market sentiment amid broader crypto volatility.