Strategy Chairman Michael Saylor signalled the possibility of additional bitcoin (BTC) purchases.

On June 7 (local time), Strategy shareholders held a final vote on a proposal to change the dividend for STRC preferred shares from once a month to twice a month, according to blockchain media outlet Cointelegraph.

Saylor posted a bubble chart on X, formerly Twitter, showing Strategy’s bitcoin purchase history over the past 6 years and wrote, “A good time to add more dots.” He has repeatedly posted the chart a few days before Strategy announces bitcoin purchases. The market is watching for signals of an additional bitcoin buy by Strategy.

CEO Phong Le (퐁 레) also shared Saylor’s post and reaffirmed the company’s stance. “Our strategy is to increase net bitcoin holdings and bitcoin per share over time,” he said. “Other rumors are just rumors,” he added.

The signal came after Strategy recently repurchased some corporate debt and temporarily paused bitcoin accumulation. At the time, the market raised concerns that the company might need to sell its bitcoin holdings to secure funds to repay debt. Management repeatedly stressed that the stance of expanding bitcoin holdings remains in place.

If an additional purchase is announced, the buy price could be at or below the existing average purchase price, market talk suggests. Strategy holds 843,706 BTC and its average purchase price is $75,701 per bitcoin. By contrast, the current bitcoin price is around $62,900, down 15.96 percent over the past 7 days.

The key issue in the shareholder vote is the dividend payment frequency for STRC preferred shares. The company says changing the dividend from once a month to twice a month can reduce reinvestment delays and improve liquidity and market efficiency. It also cited improved price stability as an expected benefit.

At the Synergy26 conference last week, Saylor said introducing twice-monthly dividends can reduce volatility. He said it would improve the Sharpe ratio and provide broader entry and exit points. He said there are 24,000 companies that pay quarterly dividends and 176 that pay monthly dividends, and added that the company would pay dividends twice a month. He mentioned June or July as the start date.

The hurdle for passing the proposal is not low. The company says the articles of incorporation amendment requires approval from a majority of 85 million shares outstanding as of April 17, 2026. A final decision is likely to be made at Strategy’s shareholders meeting on June 8.

A variable in the vote is the participation rate of retail investors. A research note released last November by the Harvard Law School Forum on Corporate Governance said retail investors exercised voting rights on about 29 percent of shares they held over the past 5 proxy voting seasons. The voting rate for institutional investors was about 77 percent.

In this situation, the vote is seen as a case in which Strategy’s funding management structure and bitcoin accumulation strategy are being tested together. Short-term points to watch are whether shareholders approve the dividend schedule change and whether the company actually resumes bitcoin purchases.

A good time to add more dots. pic.twitter.com/4cRmmtbzKv