Michael Saylor’s Strategy does not ‘move the price’ of Bitcoin, exec says
Strategy’s corporate treasurer Shirish Jajodia said, “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second.”
Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, does not try to influence the price of Bitcoin when it executes buys, according to the executive who oversees the company’s massive BTC treasury.
“The way we buy Bitcoin is we do not move the price of the Bitcoin,” Strategy’s corporate treasurer and head of investor relations, Shirish Jajodia, told Natalie Brunell on the Coin Stories podcast on Wednesday.
Market participants often speculate that Strategy’s significant Bitcoin (BTC) acquisitions help push the price of Bitcoin, but Jajodia said the company carefully structures its purchases to avoid impacting the market.