Michael Saylor’s Bitcoin Buying Strategy Revealed
Michael Saylor, the CEO of Strategy, has been making headlines with his company’s significant Bitcoin purchases. However, according to Shirish Jajodia, the corporate treasurer and head of investor relations, the company’s buying strategy is designed to avoid influencing the price of Bitcoin. In a recent interview with Natalie Brunell on the Coin Stories podcast, Jajodia explained that Strategy carefully structures its purchases to avoid impacting the market.
Strategy started accumulating Bitcoin in 2020 and currently holds 629,376 Bitcoin, worth approximately $70.85 billion, according to SaylorTracker. Jajodia emphasized that the company manages its buys in a way that is proportional to the market liquidity, ensuring that it does not “eat up into the price of Bitcoin.” This approach allows Strategy to acquire large amounts of Bitcoin without significantly affecting the market price.
Shirish Jajodia spoke to Natalie Brunell on the Coin Stories podcast this week. Source: Natalie Brunell
Market Impact of Strategy’s Bitcoin Buys
While some market participants speculate that Strategy’s significant Bitcoin acquisitions help push the price of Bitcoin, the data suggests that the company’s buys have had mixed effects on the market. For example, on November 25, Strategy announced the acquisition of 55,000 Bitcoin for $5.4 billion, but the price of Bitcoin subsequently rose to an all-time high above $106,000 just a few weeks later. In contrast, on July 29, Strategy bought 21,021 BTC for about $2.46 billion, but the price fell nearly 4% within four days.
Despite the mixed market reaction, traders still closely watch Strategy’s Bitcoin purchases, hoping to gauge the company’s future buying plans. Jajodia revealed that Strategy is active in the market “around the clock,” adjusting its buying schedule according to market conditions. “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second we are in the market,” he said.
Strategy’s Long-Term Bitcoin Accumulation Strategy
Michael Saylor has consistently expressed his commitment to accumulating Bitcoin, regardless of the market price. In a recent X post, Saylor stated, “I only buy Bitcoin with money I can’t afford to lose.” This approach reflects the company’s long-term strategy, which prioritizes accumulating Bitcoin over short-term market fluctuations. As Jajodia explained, Strategy’s buying strategy is designed to avoid influencing the market price, allowing the company to focus on its core goal of accumulating Bitcoin.
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