Michael Saylor’s company, the largest corporate holder of Bitcoin, does not attempt to influence Bitcoin’s price when making purchases, according to the executive overseeing its extensive BTC treasury.
“The way we acquire Bitcoin is by ensuring we do not impact its price,” said Shirish Jajodia, the corporate treasurer and head of investor relations for the company, informed Natalie Brunell on the Coin Stories podcast.
While market observers often think that the company’s substantial Bitcoin (BTC) purchases may drive prices up, Jajodia emphasized that the firm meticulously structures its acquisitions to prevent market disruption.
Since beginning to accumulate Bitcoin in 2020, the company now holds 629,376 Bitcoin, valued at around $70.85 billion, according to SaylorTracker.
Shirish Jajodia discussed his strategies with Natalie Brunell on the Coin Stories podcast this week. Source: Natalie Brunell
“We manage our purchases in accordance with the market liquidity,” he explained. “Thus, we do not inflate Bitcoin’s price,” he added.
Companies often use Over-the-Counter (OTC) desks to handle large transactions without affecting market prices through private trades instead of public exchange order books.
All eyes on company’s Bitcoin acquisitions
Jajodia’s claims could be valid, as Cointelegraph found Bitcoin’s behavior to be inconsistent around the company’s major purchases, with some occasions where Bitcoin prices rose, and others where they fell post-acquisition.
On Nov. 25, the company reported acquiring approximately 55,000 Bitcoin for $5.4 billion between Nov. 18 and 24, averaging $97,862 per coin.
Shortly after, on Dec. 17, Bitcoin surpassed an all-time high above $106,000, coinciding with a broader market rally following Donald Trump’s election victory, as per CoinMarketCap data shows.
Conversely, on July 29, the company purchased 21,021 BTC for nearly $2.46 billion, yet within four days, the price dropped nearly 4%, settling at $113,320 by Aug. 2.
Despite fluctuations, traders continue to react eagerly whenever Saylor shares a Bitcoin price chart, hoping for news of another significant purchase.
Company is continuously acquiring Bitcoin, says Jajodia
According to Jajodia, the firm tailors the timing of its Bitcoin acquisitions based on market conditions, remaining active in the market nearly all the time. “We are continuously engaged in buying Bitcoin. Almost every day, every hour, every second we are involved in the market,” he stated.
“If prices drop, we can seize the chance to act swiftly,” he noted.
Related: Company hits 4-month low as Saylor adjusts strategy on MSTR issuance
Saylor has frequently conveyed to his 4.5 million followers that he isn’t concerned about Bitcoin’s current price; his goal is to maximize his accumulation.
On May 22, Saylor posted on X, “I exclusively purchase Bitcoin with money I can afford to lose,” after Bitcoin retreated from its previous peak of $112,000.
In a similar vein, in late 2024, Saylor committed to continue buying BTC at peak prices regardless of price hikes.
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