Michael Saylor’s strategy, the biggest Bitcoin business holder, does not try to influence the price of Bitcoin when making his purchases, according to the executive which oversees the huge BTC treasure of the company.
“The way we buy Bitcoin is that we are not moving the price of bitcoin,” said Natalie Brunell on the Podcast of Shirish Jajodia of the strategy and responsible for investors.
The actors of the important Bitcoin (BTC) acquisitions of the strategy often contribute to the important acquisitions of Bitcoin (BTC), but Jajodia says that the company carefully structures its purchases to avoid having an impact on the market.
The strategy began to accumulate Bitcoin in 2020 and, at the time of publication, it is held 629,376 bitcoins, worth around 70.85 billion dollars, according to Saylortracker.
“We manage our purchases in a way that we are in a way a part of the liquidity of the market,” he explained. “So we don’t eat in the price of Bitcoin,” he added.
A way in which companies manage significant transactions without allocating market prices consist of on -the -counter offices (OTC), which allow trades to take place in private rather than public exchange books.
All eyes on Bitcoin purchases of the strategy
Jajodia can tell the truth, because Cointelegraph noted that Bitcoin had a mixed behavior around the most important purchases of the strategy, with some cases where Bitcoin has increased and others where it fell after a purchase of strategy.
On November 25, the company said it had acquired around 55,000 bitcoin for $ 5.4 billion between November 18 and 24, at an average price of $ 97,862 per room.
A few weeks later, on December 17, Bitcoin reached just over $ 106,000, in the middle of a wider rally after the American electoral victory of Donald Trump, according to CoinmarketCap data.
In another case, on July 29, the strategy bought 21,021 BTC for around 2.46 billion dollars, but within four days, the price dropped by almost 4%, going to $ 113,320 on August 2.
Despite this, traders are often excited when Saylor publishes a Bitcoin prices table in the hope that the company will announce another big purchase of Bitcoin.
The strategy is to buy bitcoin “24 hours a day,” says Jajodia
Jajodia said the company adjusts the time of its Bitcoin purchases according to market conditions, but is active on the market most of the time. “We actually buy bitcoin 24 hours a day. Almost every day, every hour, every second that we are on the market,” he said.
“If that drops, we can take the opportunity to move faster,” he said.
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Saylor has often suggested to his 4.5 million followers that he does not care about the Bitcoin price; He accumulates just to make his battery as large as possible.
On May 22, Saylor wrote in an X post: “I only buy Bitcoin with money that I cannot afford to lose”, after Bitcoin fell from its previous summit of $ 112,000.
Similarly, at the end of 2024, Saylor pledged to continue buying BTC at top prices, regardless of high prices.
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