Michael Saylor’s approach, Bitcoin’s largest corporation holder, does not try to influence the price of Bitcoin when it purchases, according to the executive who oversees the company’s massive BTC Treasury.
“The way we buy Bitcoin is that we do not move the price of Bitcoin,” corporate corporate treasurer and head of investor relationships, Shirish Jajodia, said Natalie Brunell at The Coin Stories Podcast on Wednesday.
Market participants often think of significant bitcoin of strategy (Btc) Getting helps push the price of bitcoin, but Jajodia says the firm has been a careful structure of its purchases to prevent the market affecting the market.
The approach began to accumulate Bitcoin in 2020 and, at the time of publication, holding 629,376 Bitcoin, worth $ 70.85 billion, According to In Saylortracker.
“We manage our purchases in such a way that we are kind of some proportions of liquidity in the market,” he explained. “So we don’t eat at the price of bitcoin,” he added.
One way companies manage significant transactions without affecting market prices is by over-the-counter (OTC) desks, which allow trading to take place privately rather than in books of public exchange order.
Buy all eyes on Bitcoin of strategy
Jajodia could tell the truth, because Cointelegraph found that Bitcoin had a mix of behavior around the most significant purchases of the approach, with some instances where Bitcoin increased, etc. where it fell after a approach to buy.
On November 25, the company said it obtained approximately 55,000 Bitcoin for $ 5.4 billion between November 18 and 24, at an average price of $ 97,862 per coin.
Just a few weeks later, on December 17, Bitcoin reached a full time high at $ 106,000, in the midst of a wider rally following the US election victory by Donald Trump, CoinMarketCap data data Shut up.
In other cases to July 29, the approach is to buy 21,021 BTC For about $ 2.46 billion, but within four days the price fell almost 4%, slipping to $ 113,320 of August 2.
Despite this, entrepreneurs are often excited when Saylor posts a Bitcoin price chart in hopes that the company will announce another major Bitcoin purchase.
The approach is to buy Bitcoin “around the clock,” Jajodia says
Jajodia said the firm is adjusting the timing of bitcoin purchases depending on market conditions, but active in the market most of the time. “We really buy Bitcoin around the clock. Almost every day, every time, every second we are in the market,” he said.
“If it goes down, we can take the opportunity to move faster,” he said.
Related: The approach hits 4 months low as the Saylor changes tack on the release of MSTR
Saylor has often suggested to his 4.5 million followers that he does not care what Bitcoin’s price is; He just accumulated to make his clamp as much as possible.
On May 22, Saylor wrote on an x post“I’m just going to buy Bitcoin with money I can’t afford to lose,” after Bitcoin fell from the past high $ 112,000.
Similarly, in the late 2024, Saylor has promised to continue to buy BTC on peak prices No matter how high the prices are.
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