Michael Saylor’s Strategy does not ‘move the price’ of Bitcoin
Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, aims not to influence Bitcoin's price when purchasing, according to corporate treasurer Shirish Jajodia. The company has been active in buying Bitcoin since 2020, accumulating a total of 629,376 BTC valued at approximately $70.85 billion. Jajodia states that the firm structures acquisitions carefully to avoid market impact and often uses Over-the-Counter (OTC) transactions. Observations show mixed Bitcoin price behavior surrounding Strategy's purchases, with prices sometimes rising and others dropping shortly after a buy. Despite this, there is ongoing interest in Saylor's potential purchases, as he has suggested on social media that he focuses on accumulating Bitcoin regardless of its price. Jajodia emphasized that they adapt their buying strategy based on market conditions, consistently making purchases to build their holdings efficiently.
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