Michael Saylor, head of Strategia, discussed his approach to acquiring Bitcoin, emphasizing that the company does not seek to influence its market price during purchases.
Strategy of Bitcoin Purchases
Shirish Jajodia, the corporate treasurer and head of investor relations, stated that the company aims not to shift the Bitcoin price when purchasing it. It began accumulating Bitcoin in 2020 and currently holds 629,376 Bitcoin worth approximately $70.85 billion.
Market Impact and Company Tactics
According to Jajodia, purchases are managed by considering market liquidity so as not to disrupt it. One method the company uses to handle large transactions without affecting the market is through Over-the-Counter (OTC) trades.
Constant Bitcoin Acquisitions
The company actively buys Bitcoin almost around the clock, adjusting the timing of its purchases based on market conditions. Jajodia noted: 'If it is going down, we can take the opportunity to move faster.'
Thus, Michael Saylor and his company aim to carefully accumulate Bitcoin without causing price fluctuations in the market by employing thoughtful purchasing strategies that maintain liquidity.
