Michael Saylor Teases ‘Big’ Bitcoin Buy For Strategy
Highlights
- Michael Saylor shared Strategy’s Orange Dots Bitcoin chart with the phrase “Big Dot Energy.”
- The chart revealed that Strategy has more than $64 billion worth of BTC with a balance of 818,869.
- Strategy’s STRC preferred stock option for dividend payments semi-monthly is still pending a vote by shareholders.
On May 17, Michael Saylor, after posting the famous orange-dot accumulation chart, brought back talks surrounding another major Bitcoin buy. The post read, “Big Dot Energy,” in reference to the larger circles in the Bitcoin-tracker that are used for larger acquisitions.
What Do Michael Saylor’s Posts Hint?
For context, the chart was used to highlight Strategy’s buys in 2024 and 2025, which were aggressive ones. It also revealed that the company has a total of 818,869 BTC in its possession. The value of the reserve was estimated at about $64 billion when valuing at the market prices shown on the dashboard.
The traders and Bitcoin investors watch Michael Saylor’s orange-dot posts closely as they have often been released in the days leading up to the company’s BTC investments. Moreover, the new post sparked speculation about another acquisition announcement in the next few days.
At the time of the update, the Bitcoin price stood at $78,351.23 on Sunday, May 17. Meanwhile, the company listed the price of Bitcoin per share at 213,391 sats. Furthermore, Strategy bought $43 million in Bitcoin last Monday after Michael Saylor posted the Orange Dots chart a day ago.
Also, it’s worth noting that shares of Strategy, trading under MSTR stock, ended at $177.42 after dropping 5.11% on Friday. The Michael Saylor-backed company’s market capitalization stands at $65.7 billion.
STRC Raises $2 Billion In Proceeds
There’s also a focus on Strategy’s capital structure, since the company is moving on some changes related to its STRC perpetual preferred stock. The vote is underway for a proposal to shift STRC’s dividend payments from monthly to semi-monthly payments. The voting will extend through June 8, 2026.
If it gets approved, Michael Saylor’s Strategy intends to pay its first semi-monthly dividend on June 15 and the first dividends will be mailed on July 15. STRC’s dividend yield is 11.50% for the year. It adjusts monthly to keep the trading level at around its par value of $100.
The company is still utilizing STRC issuances as among the means for further Bitcoin acquisition. The debt on Strategy’s dashboard was $8.25 billion, the preferred stock was $13.54 billion. Further, it holds roughly $2.25 billion on the books as U.S. dollar reserves.
Additionally, in the last week, with its STRC at-the-market program, Strategy secured nearly $2.03 billion in net proceeds. This amount would be able to buy over 25,000 BTC based on current prices. The firm could channel these funds to acquire a “big” Bitcoin stack, as Michael Saylor hinted.
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