According to the executive overseeing the company’s substantial Bitcoin treasury, Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, does not aim to influence Bitcoin’s (BTC) price when making purchases.
“The way we buy Bitcoin is we do not move the price of the Bitcoin,” the corporate treasurer and head of investor relations at Strategy, Shirish Jajodia, stated on the Coin Stories podcast hosted by Natalie Brunell on Wednesday.
While market participants often speculate that Strategy’s large Bitcoin acquisitions influence the market price, Jajodia clarified that the company meticulously plans its purchases to mitigate market impact.
Since beginning to accumulate Bitcoin in 2020, Strategy has amassed 629,376 Bitcoin, valued at approximately $70.85 billion, as per SaylorTracker.
“We manage our buys in a way that corresponds to a fraction of the market liquidity,” he elaborated. “So we do not push up the price of Bitcoin,” he added.
One common strategy companies employ to handle large transactions without influencing market prices is utilizing over-the-counter (OTC) desks, enabling trades to occur privately instead of through public exchange order books.
All eyes on Strategy’s Bitcoin acquisitions
Jajodia might be right, as Cointelegraph’s findings indicate mixed trends around Strategy’s major purchases, with instances of both Bitcoin rising and falling following a buy.
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.
Just weeks later, on Dec. 17, Bitcoin soared to an all-time high above $106,000, driven by a broader market rally after President Donald Trump’s US election win, CoinMarketCap data indicates.
In another instance, on July 29, Strategy purchased 21,021 BTC for around $2.46 billion, yet the price experienced a nearly 4% drop within four days, sliding to $113,320 by Aug. 2.
Regardless, traders remain enthusiastic when Saylor shares a Bitcoin price chart, anticipating the possibility of another large Bitcoin acquisition announcement from the company.
Strategy is purchasing Bitcoin “around the clock,” Jajodia asserts
Jajodia mentioned that the firm adjusts its Bitcoin purchasing strategy based on market conditions, remaining active nearly all the time. “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second we are in the market,” he stated.
“If it is going down, we can take the opportunity to move faster,” he remarked.
Related: Strategy reaches 4-month low as Saylor alters approach on MSTR issuance
Saylor frequently expresses to his 4.5 million followers that he disregards Bitcoin’s price, focusing solely on accumulating as much as possible.
On May 22, Saylor noted in an X post, “I only buy Bitcoin with money I can’t afford to lose,” after Bitcoin declined from its previous peak of $112,000.
In late 2024, Saylor committed to continue buying BTC at peak prices, irrespective of how high prices might rise.
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