TLDR
- Michael Saylor posted his “Big Dot Energy” orange-dot chart on May 17, widely seen as a signal of an upcoming Bitcoin purchase.
- Strategy currently holds 818,869 BTC, valued at approximately $67.2 billion.
- MSTR stock closed at $177.42, down 5.11% on Friday.
- Strategy raised $2.03 billion through its STRC at-the-market program last week, enough to buy over 25,000 BTC at current prices.
- A proxy vote is underway until June 8 on shifting STRC dividend payments from monthly to semi-monthly.
Strategy (MSTR) stock closed at $177.42 on Friday, down 5.11%, as chairman Michael Saylor signaled the company is likely heading into another Bitcoin purchase this week.
Saylor posted his now-familiar orange-dot accumulation chart on Sunday, May 17, with the caption “Big Dot Energy.” The post is widely watched by traders as a pre-buy signal.
The chart, sourced from StrategyTracker.com, tracks every Bitcoin purchase Strategy has made over the past six years. Larger circles represent larger buys.
₿ig Dot Energy. pic.twitter.com/Sx5UShlOvV
— Michael Saylor (@saylor) May 17, 2026
Strategy currently holds 818,869 BTC. At a market price of around $77,996 at time of writing, that puts the total value of the reserve at approximately $67.2 billion.
The company’s last buy came just the Monday prior — $43 million in Bitcoin — following a similar orange-dot post the day before. The pattern is becoming predictable.
Last week, Strategy raised $2.03 billion in net proceeds through its STRC at-the-market program. At current prices, that’s enough to acquire more than 25,000 BTC.
Capital Structure
Strategy’s balance sheet shows $8.25 billion in debt and $13.54 billion in preferred stock. It also holds roughly $2.25 billion in U.S. dollar reserves.
The company’s market cap sits at $65.7 billion. Bitcoin was trading at $78,351.23 on Sunday when Saylor made his post.
The STRC preferred stock carries an annual dividend yield of 11.50%. The yield adjusts monthly to keep the stock trading near its par value of $100.
STRC Proxy Vote
Alongside the Bitcoin signal, Saylor and Strategy’s official accounts were also pushing retail investors to vote on a proxy measure before the June 8 deadline.
The proposal would shift STRC dividend payments from monthly to semi-monthly. Strategy says the change would improve reinvestment timing, liquidity, and price stability for holders.
Retail investors hold 80% of the outstanding STRC. That makes their participation in the vote critical — but historically, retail participation in proxy votes has been low.
A Harvard Law School Forum study found retail investors vote only about 29% of their held shares in any given proxy season. Institutional holders vote around 77%.
Strategy is going all-in to change that. It rescheduled a live Q&A session with Saylor and CEO Phong Le for Wednesday at 5 p.m. ET.
The session will be moderated by Natalie Brunell, host of the Coin Stories podcast, and livestreamed on YouTube and X. Shareholders can submit questions in advance.
If the vote passes, Strategy plans to issue its first semi-monthly dividend on June 15, with the first mailed dividend following on July 15.
The proxy vote window remains open through June 8, 2026.
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