Steinbeck’s Take on Bitcoin’s Unmoved Heart 🤷‍♂️

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In a world where the whisper of a rumor could send ripples through the vast ocean of finance, Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, stands like a lighthouse, steadfast and unyielding. According to the man who charts the course of this financial behemoth, they do not seek to stir the waters of the market with their actions.

“The way we buy Bitcoin is we do not move the price of the Bitcoin,” Shirish Jajodia, the corporate treasurer and head of investor relations at Strategy, shared with Natalie Brunell on the Coin Stories podcast, his voice steady as the sea on a calm day.

Many a sailor in the crypto seas has speculated that the vast hoards of Bitcoin (BTC) gathered by Strategy could be the wind beneath the wings of Bitcoin’s price. But Jajodia assures us, with the careful precision of a seasoned navigator, that their purchases are structured to avoid any such turbulence.

It was in the year 2020 that Strategy first set sail on the Bitcoin horizon, and as of the last known port call, they have amassed a treasure of 629,376 Bitcoin, a fortune valued at approximately $70.85 billion, as tracked by the watchful eyes of SaylorTracker.

“We manage our buys in a way that we are kind of some proportion of the market liquidity,” Jajodia explained, his words a gentle reminder of the delicate balance they maintain. “So we do not eat up into the price of Bitcoin,” he added, with a smile that hinted at the complexity of their task.

One of the tools in their arsenal is the Over-the-Counter (OTC) desk, a quiet harbor where trades can be conducted away from the prying eyes of the public exchange order books, ensuring that the waves of the market remain undisturbed.

All eyes on Strategy’s Bitcoin buys

Whether Jajodia speaks the truth or not, the stars seem to align in curious ways. CryptoMoon’s observations reveal that Bitcoin’s journey has been a mixed bag around Strategy’s most significant purchases. Sometimes, the skies clear and Bitcoin soars, while other times, the clouds gather and the price dips.

On Nov. 25, the company announced a haul of 55,000 Bitcoin, a treasure worth $5.4 billion, gathered between Nov. 18 and 24, at an average price of $97,862 per coin. Just a few weeks later, on Dec. 17, Bitcoin reached new heights, climbing above $106,000, a triumph that coincided with the broader rally following Donald Trump’s US election victory, as recorded by CoinMarketCap.

However, on July 29, Strategy bought 21,021 BTC for about $2.46 billion, and within four days, the price took a tumble, falling nearly 4% to $113,320 by Aug. 2. Despite these ups and downs, the whispers of the market still grow louder whenever Saylor shares a Bitcoin price chart, the traders’ hearts beating with hope for another grand purchase.

Strategy is buying Bitcoin “around the clock,” Jajodia says

Jajodia revealed that the firm’s approach to Bitcoin purchases is as dynamic as the market itself. “We’re actually buying Bitcoin around the clock. Almost every day, every hour, every second we are in the market,” he said, his words painting a picture of constant vigilance and action.

“If it is going down, we can take the opportunity to move faster,” he added, a hint of strategy in his voice, like a captain adjusting sails to catch the wind.

Saylor, with his 4.5 million followers, often speaks of his unwavering commitment to Bitcoin. On May 22, he wrote on X, “I only buy Bitcoin with money I can’t afford to lose,” a statement made after Bitcoin’s fall from its previous high of $112,000. Similarly, in late 2024, Saylor vowed to continue buying BTC at peak prices, no matter how high they might soar.

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2025-08-22 07:36