Saylor hints at large MicroStrategy bitcoin buy before 8-K

Michael Saylor teased another large Bitcoin purchase on May 17 and an 8-K filing expected Monday may disclose recent acquisitions, following a record trading session in the company’s STRC preferred shares.

Saylor posted the phrase “Big Dot Energy” on May 17, a shorthand he has used in prior weeks to flag potential Bitcoin acquisitions.

An independent tracker, Strc.live, estimates MicroStrategy purchased roughly 15,466 BTC across four active trading days after a STRC preferred share session on Thursday reached 15.1 million shares, topping an earlier record set in April.

The company completed a roughly $1.5 billion repurchase of its 2029 convertible notes that settled around May 19 and has continued to use at-the-market issuance of STRC preferred shares to raise capital for Bitcoin purchases.

According to company disclosures, MicroStrategy holds 818,869 BTC at an average cost of about $75,543 per coin.

About 80% of STRC preferred shares are held by retail investors at brokerages including Charles Schwab, Fidelity and Robinhood. MicroStrategy has proposed moving the 11.5% annual dividend from monthly to semi-monthly payments while keeping the stated rate unchanged.

The shareholder vote on the dividend schedule is scheduled ahead of the next dividend record date. Monday’s 8-K should provide an official tally of recent Bitcoin purchases that can be compared with the Strc.live estimate.