Michael Saylor's company Strategy last week purchased 334 BTC for $28.7 million and bought back approximately 1.77 million shares of STRC preferred stock for $176.3 million. According to the 8-K form filed with the SEC on Monday, the company's bitcoin reserves have reached 848,000 BTC.

The buyback spending exceeded the weekly BTC purchases by more than six times. Strategy also stated it will put to a shareholder vote a revision of the dividend payment schedules across its entire line of preferred securities, highlighting the growing role of these instruments in financing and managing its bitcoin treasury.

Daily dividends for STRC, STRF, STRK, and STRD up for vote

In a separate proxy document filed Monday, Strategy requested approval to pay regular dividends on STRC, STRF, STRK, and STRD every business day, replacing the current schedule of two payments per month for STRC and quarterly payments for the other three series. The company clarified that dividend rates and total obligations remain unchanged, and the proposed scheme could reduce reinvestment delays and improve liquidity and price stability.

Meeting on October 28; rollout in November and January

Shareholders will vote on the proposal at a special meeting on October 28. If approved, daily payments for STRC will begin in November, and for STRF, STRK, and STRD in January.