MicroStrategy Executive Chairman Michael Saylor hinted on social media on Sunday that the company might announce new Bitcoin purchases in the coming days. On his X page, Saylor shared a bubble chart reflecting BTC purchases made over the last six years with the caption "Working Better." Typically, such charts are followed by official announcements of new purchases by the world's largest publicly traded Bitcoin holder. This is reported by Cointelegraph.com .
Currently, MicroStrategy holds 843,738 Bitcoins, with an average purchase price of 75,701 USD each. According to CoinMarketCap, the largest cryptocurrency by market capitalization lost 3.65% of its value in May and is trading at approximately 73,566 USD at the time of publication. Analysts believe that new purchases may have been made at a level below the average price.
These statements come ahead of a vote on the company's STRC preferred stock dividend payments, which are proposed to be made twice a month. MicroStrategy management emphasizes that this change will serve to reduce reinvestment delays, increase liquidity, and ensure market efficiency. Participation of all shareholders is crucial for success in the vote to be held on June 7.
Meanwhile, Blockstream CEO Adam Back noted that the 200-week moving average on the Bitcoin network has risen well above 61,000 USD. Many technical investors view this indicator as a signal of a long-term growth trend. MicroStrategy CEO Phong Le also addressed shareholders, explaining that the proposed changes are important for the company's stability.
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