Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, does not attempt to influence Bitcoin's price with its purchases, according to corporate treasurer Shirish Jajodia. The firm claims it buys Bitcoin continuously without impacting the market price, strategically managing its acquisitions to align with market liquidity. Founded in 2020, Strategy holds approximately 629,376 Bitcoin, valued at around $70.85 billion. Jajodia mentioned that company buys are adjusted based on market conditions, and although market participants speculate that these purchases affect Bitcoin's price, historical data shows mixed outcomes. For instance, after acquiring 55,000 Bitcoin for $5.4 billion, Bitcoin did see a rise shortly thereafter, but other acquisitions coincided with price drops. Despite this, excitement builds among traders whenever Saylor discusses Bitcoin on social media, contributing to speculation regarding future purchases. Saylor frequently emphasizes his long-term view on Bitcoin, asserting a focus on accumulation regardless of price fluctuations.

Source 🔗