Michael Saylor signaled another Bitcoin buy while urging retail investors to vote on Strategy’s STRC proposal.
Crypto News
Strategy chairman Michael Saylor posted a Bitcoin (BTC) purchase signal on May 17 by sharing a bubble chart that has preceded every company buy over the past six years. The chart is sourced from Iceland-registered StrategyTracker(dot)com. Saylor's post was captioned: "Big Dot Energy."
Strategy currently holds 818,869 BTC. StrategyTracker(dot)com valued that position at roughly $67.2 billion, based on a market price of $77,996.91 at the time of writing.
Alongside the buy signal, Saylor and Strategy's official accounts on May 17 called on retail shareholders to cast proxy votes on a proposed change to the company's STRC perpetual preferred stock. The amendment would move dividend payments from monthly to semi-monthly. Strategy says the change would reduce reinvestment lag and improve liquidity and price stability for STRC holders.
Retail investors hold 80% of outstanding STRC shares, according to Strategy. That concentration makes their participation in the proxy vote central to whether the amendment passes. The deadline for the vote is June 8.
Low Retail Participation Complicates the Vote
The campaign faces a documented participation gap. A November research note from the Harvard Law School Forum on Corporate Governance found that retail investors voted roughly 29% of their shares across the past five proxy seasons. Institutional holders voted approximately 77% over the same period.
Strategy has rescheduled a live Q&A with Saylor and CEO Phong Le for May 20 at 5:00 pm ET to address that gap. Podcast host Natalie Brunell will moderate the session. It will stream on both YouTube and X, and shareholders can submit questions in advance.
Saylor wrote on X on May 17: "If you are a $STRC shareholder and have not already voted, please take a moment to do it now." He added that a successful outcome would help "establish the $100 standard for Digital Credit."
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