Strategy’s corporate treasurer Shirish Jajodia says, “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second.”
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Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, does not try to influence the price of Bitcoin when it executes its buys, according to the executive who oversees the company’s massive BTC treasury.
“The way we buy Bitcoin is we do not move the price of the Bitcoin,” Strategy’s corporate treasurer and head of investor relations, Shirish Jajodia, Natalie Brunell on the Coin Stories podcast on Wednesday.
Market participants often speculate that Strategy’s significant Bitcoin () acquisitions help push the price of Bitcoin, but Jajodia says the firm carefully structures its purchases to avoid impacting the market.
Strategy started accumulating Bitcoin in 2020 and, at the time of publication, holds 629,376 Bitcoin, worth approximately $70.85 billion, to SaylorTracker.
“We manage our buys in a way that we are kind of some proportion of the market liquidity,” he explained. “So we do not eat up into the price of Bitcoin,” he added.
One way that companies manage significant transactions without affecting market prices is through Over-the-Counter (OTC) rather than on public exchange order books.
All eyes on Strategy’s Bitcoin buys
Jajodia may be telling the truth, as Cointelegraph found that Bitcoin has had mixed behavior around Strategy’s most significant purchases, with some instances where Bitcoin rose, and others where it fell after a Strategy buy.
On Nov. 25, the company said it had acquired approximately 55,000 Bitcoin for $5.4 billion between Nov. 18 and 24, at an average price of $97,862 per coin.
Just a few weeks later, on Dec. 17, Bitcoin reached an all-time high above $106,000, amid a broader rally following Donald Trump’s US election victory, CoinMarketCap data .
In another case on for about $2.46 billion, yet within four days the price fell nearly 4%, sliding to $113,320 by Aug. 2.
Despite this, traders often still get excited when Saylor posts a Bitcoin price chart in the hopes the company will announce another large Bitcoin purchase.
Strategy is buying Bitcoin “around the clock,” Jajodia says
Jajodia said the firm adjusts the timing of its Bitcoin purchases depending on market conditions, but is active in the market most of the time. “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second we are in the market,” he said.
“If it is going down, we can take the opportunity to move faster,” he said.
Related:
Saylor has often suggested to his 4.5 million followers that he doesn’t care what price Bitcoin is; he is just accumulating to make his stack as large as possible.
On May 22, , “I only buy Bitcoin with money I can’t afford to lose,” after Bitcoin fell from its previous high of $112,000.
Similarly, in late 2024, no matter how high prices would go.
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