Crypto Market

Michael Saylor reveals how MicroStrategy buys bitcoin

Michael Saylor, the CEO of MicroStrategy, revealed how his company acquires thousands of bitcoin. According to the bitcoiner, the company uses regulated exchanges in the United States and relies on an order execution strategy in trading to avoid drawing the market’s attention with its movements.

In an interview, Saylor revealed that your company uses Coinbase services to buy bitcoin. “And when we buy, we do it with a simple TWAP-type algorithm,” he indicated.

The TWAP algorithm It is an order execution strategy in trading which seeks to execute a large order over time in a way that the average execution price is as close as possible to the average price over that period.

Saylor mentioned that the goal is “not to be noticed by the market and not to move the market.” Thus, he clarified that, if something happens with the price of BTC or even with the price of MicroStrategy, “it is not because of us.”

“Our goal is basically to be participants in the market, but never to move it up or down or to be noticed,” he insisted.

MicroStrategy is one of the big whales in the BTC market, accumulating a total of 439,000 coins to date, as reported by CriptoNoticias. The company is characterized by large purchases, generally thousands of BTC, for which it invests billions of dollars.

Between November and December alone, MicroStrategy made a total of six purchases, all over 10,000 bitcoin. In total, he bought about 186,780 BTC in that period of time, according to the data by BitcoinTreasuries.

Aggressive bitcoin purchases are part of MicroStrategy’s treasury strategy, with which it has achieved hit new all-time highs in your stocksas reported by this media.

Focused on Bitcoin

Saylor highlighted that, although they are still in the enterprise software development sector, “we see ourselves primarily as a Bitcoin treasury company.”

The executive explained that his main method of generating value for shareholders is through his treasury operations.

“MicroStrategy is involved in that capital acquisition process, we issued equity and debt, and we bought bitcoin, which has resulted in a profit of approximately $14.4 billion for our shareholders this year, if you value bitcoin at $105,000,” he noted. .

This strategy has proven to be effective, as it has not only increased the value of the company, but has also positioned MicroStrategy as a key player in the cryptocurrency ecosystemespecially in the Bitcoin market, becoming a reference for other companies seeking to diversify their treasury reserves.



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