Michael Saylor’s Strategy Says Its Bitcoin Buys Don’t ‘Move the Price’
Strategy — the corporate vehicle led by Michael Saylor that holds the largest corporate Bitcoin treasury — does not structure its purchases to push Bitcoin’s market price, Strategy’s corporate treasurer and head of investor relations, Shirish Jajodia, told Coin Stories host Natalie Brunell.
Jajodia said the company deliberately paces trades so they remain a manageable proportion of market liquidity and therefore do not “eat up” available price levels. The firm uses market-sensitive approaches, including private over‑the‑counter (OTC) execution, to avoid creating disruptive order‑book impact.
Strategy began accumulating Bitcoin in 2020 and — at the time the article was published — held 629,376 BTC, a position reported by SaylorTracker and valued at roughly $70.85 billion. Market observers often link Strategy’s large purchases to price movements, but Cointelegraph notes mixed outcomes: some major buys were followed by rallies while others coincided with short-term dips.
As examples, the company disclosed acquiring about 55,000 BTC between Nov. 18 and 24 for $5.4 billion (an average near $97,862 per coin), and on July 29 it bought 21,021 BTC for roughly $2.46 billion — yet in the latter case the price slipped by nearly 4% within days. These and other episodes show purchases and price action do not always move in lockstep.
Jajodia emphasized Strategy’s continuous market presence: “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second,” and the firm will accelerate purchases when prices decline to take advantage of opportunities.
Michael Saylor himself has signaled a long-term accumulation mindset on social media, saying he buys with money he can afford to lose and has committed to continuing purchases even at high prices — comments that help explain the company’s steady, large-scale accumulation approach.
Despite Strategy’s stated execution practices, traders and observers remain attentive to Saylor’s posts and company disclosures, since large corporate flows and public commentary can still influence sentiment even when execution aims to minimize direct market impact.
