Michael Saylor, chairman of Strategy, posted on X to indicate that the Bitcoin treasury firm plans to purchase BTC this week. He also called on retail holders to participate in the STRC proxy vote.
Michael Saylor took to the social media platform X on Sunday to share his regular update on Bitcoin acquisitions. According to his statement, the firm is set to buy more BTC during the current week as part of its ongoing strategy.
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Strategy purchased 1587 Bitcoin last week for about 100 million dollars. The company financed the acquisition by selling 1.7 million shares of its MSTR stock. Total holdings now stand at 846842 Bitcoin.
Strategy chief Michael Saylor posted a social media message on Sunday morning teasing a pending bitcoin purchase.
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Michael Saylor, co-founder of Strategy, signaled that the company will buy more Bitcoin on Monday. The purchase would boost the firm's Bitcoin treasury holdings. Strategy is the world's biggest Bitcoin treasury company.
Strategy announced a new Digital Credit Capital Framework on Monday that authorizes Bitcoin sales and up to $2 billion in share repurchases to support dividends and strengthen its capital structure.
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Strategy disclosed the sale of 32 Bitcoin in late May, marking its first such transaction to cover preferred stock payments. The move rattled investors and contributed to a sharp drop in the company's shares and Bitcoin prices.
Strategy Inc.’s perpetual preferred stock STRC has seen its 90-day correlation with Bitcoin rise to nearly 0.70, the highest level since the instrument debuted in July 2025. The stock has fallen sharply alongside Bitcoin in recent weeks.
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CryptoQuant has called on Strategy to halt its Bitcoin purchases and rebuild cash reserves after its preferred stock STRC hit a record discount. The move follows a sharp drop in dividend coverage and recent share sales to shore up liquidity.