Michael Saylor's Strategy, the largest Bitcoin holder in the world, does not seek to impact the price when executing BTC purchases, according to Shirish Jajodia – the company's treasury and investor relations director.
"The way we buy Bitcoin does not change the price," Shirish Jajodia shared with Natalie Brunell on the Coin Stories podcast on Wednesday.
Market participants often speculate that Strategy's significant Bitcoin purchases help drive the price up, but Jajodia said the company carefully structures its purchases to avoid impacting the market.
According to SaylorTracker, Strategy began accumulating Bitcoin in 2020 and currently holds 629,376 Bitcoin, worth approximately $70.85 billion.
"We manage our purchases in a way that we hold a portion of the market liquidity," he explained. "So, we do not affect the price of Bitcoin," he added.
One way for companies to manage significant transactions without affecting market prices is through over-the-counter (OTC) exchanges, allowing transactions to occur privately rather than on the order books of public exchanges.
All eyes are on Strategy's Bitcoin purchases
Jajodia could be right, as Bitcoin has had mixed movements around Strategy's most significant purchases, with some instances of Bitcoin rising in price, and others falling.
On November 25, Strategy announced that it had purchased approximately 55,000 Bitcoin for $5.4 billion from November 18 to November 24, with an average price of $97,862.
Just a few weeks later, on December 17, Bitcoin reached an all-time high of over $106,000, amidst a strong increase in Bitcoin prices following Donald Trump's presidential election victory.
In another case on July 29, Strategy purchased 21,021 BTC for approximately $2.46 billion, but within just four days, the price dropped nearly 4%, down to $113,320 on August 2.
Nonetheless, traders were very excited when Saylor posted a Bitcoin price chart, hoping the company would announce another large Bitcoin purchase.
Jajodia stated that Strategy is buying Bitcoin "24/7"
Jajodia stated that the company adjusts the timing of Bitcoin purchases depending on market conditions, but most of the time it operates in the market. "We are actually buying Bitcoin 24/7. Virtually every day, every hour, every second we are present in the market," he said.
"If the price drops, we can take the opportunity to act faster," he added.
Saylor often tells his 4.5 million followers that he is not concerned about the price of Bitcoin; he is just accumulating to make his balance as large as possible.
On May 22, Saylor wrote in a post on X that: "I only buy Bitcoin with money that I can afford to lose," after Bitcoin fell from a previous high of $112,000.
By the end of 2024, Saylor has committed to continue buying BTC regardless of how high the price may go.