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\n\t\t\t\t\t\t\t\t\tSaylor reasserted recently that he never said his company won\u2019t sell any BTC if necessary.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The author of Broken Money and The Stolguard Incident, Lyn Alden, has taken to X to defend BTC amid the recent drama that stemmed from Strategy\u2019s decision to sell a tiny portion of its crypto holdings for the first time in about four years.<\/p>\n
Other popular names that defended the asset include Samson Mow, who believes corporations such as Strategy are free to buy because BTC was \u201cdesigned for this.\u201d<\/p>\n
The Michael Saylor-founded business intelligence giant turned massive bitcoin buyer attracted significant backlash over the past couple of weeks for its decision to dispose of a fraction of its total BTC holdings, selling<\/a> 32 units. Unlike what some critics believed at the time, this wasn\u2019t a capitulation event. The sale was necessary to support preferred stock distributions, including cash dividends across the company\u2019s stock series.<\/p>\n Nevertheless, the cryptocurrency tumbled in the following week or so, going from over $75,000 (its price when the sale was conducted) to a 19-month low at $59,100. Although there were multiple other factors<\/a> behind the decline, some pointed to Strategy\u2019s decision, which may have caused some FUD.<\/p>\n This prompted some well-known names, such as Jim Cramer, to publicly blame<\/a> Saylor and Strategy for their alleged role. The company\u2019s former CEO was quick to respond and, in a more recent speech, explained he never said Strategy won\u2019t sell if it\u2019s necessary to do so. However, he remains a firm believer<\/a> that individuals should not sell.<\/p>\n Lyn Alden also didn\u2019t support the narrative that Strategy can single-handedly \u2018kill\u2019 bitcoin as Cramer claimed. In fact, he noted that if the cryptocurrency and the network behind it can be killed by one entity buying it, then \u201cit wasn\u2019t meant to be.\u201d<\/p>\n \u201cIf all it takes to kill bitcoin is a bullish entity that likes it enough to buy, then go home,\u201d she asserted<\/a>.<\/p>\n<\/blockquote>\n Samson Mow, CEO of Jan 3 and a long-term bitcoin proponent, agreed with Alden\u2019s statement. In a comment below the original post, he argued that BTC is not a proof-of-stake system; it allows corporations and nation-states to buy it, as ownership doesn\u2019t \u201cconfer control.\u201d<\/p>\n Moreover, he added that this is precisely what bitcoin was designed for.<\/p>\n Bitcoin isn\u2019t a proof of stake system. Corporations can buy. Nation-states can buy. Ownership doesn\u2019t confer control. Bitcoin was designed for this.<\/p>\n \u2014 Samson Mow (@Excellion) June 11, 2026<\/a><\/p>\n<\/blockquote>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
Mow Concurs<\/h2>\n
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