Michael Saylor recently clarified that he never claimed his company would never sell Bitcoin if circumstances required it.
Author and macroeconomic analyst Lyn Alden has defended Bitcoin amid the controversy surrounding Strategy’s recent decision to sell a small portion of its BTC holdings for the first time in nearly four years.
She was joined by other prominent Bitcoin advocates, including Samson Mow, who argued that companies like Strategy are free to accumulate Bitcoin because the network was built to function this way.
Bitcoin Was Built to Withstand Concentrated Ownership
The business intelligence firm founded by Michael Saylor, which later became one of the largest corporate holders of Bitcoin, faced criticism after selling a small fraction of its reserves. The company disposed of 32 BTC, sparking concerns among some market participants.
However, the transaction was far from a capitulation event. The sale was reportedly carried out to meet obligations tied to preferred stock distributions, including cash dividend payments across various classes of the company’s stock.
Despite this explanation, Bitcoin’s price declined sharply in the days that followed. The cryptocurrency fell from above $75,000, the level at which the sale took place, to a 19 month low of $59,100. While several factors contributed to the downturn, some observers linked the decline to Strategy’s decision, fueling fear and uncertainty within the market.
This led a number of public figures, including Jim Cramer, to criticize Michael Saylor and Strategy for what they viewed as their role in the selloff. Saylor responded by emphasizing that he had never stated the company would never sell Bitcoin under any circumstances. At the same time, he reiterated his long standing belief that individual investors should avoid selling their holdings.
Lyn Alden rejected the suggestion that Strategy could somehow destroy Bitcoin through its actions. According to her, if a single entity purchasing large amounts of Bitcoin were enough to undermine the asset and its network, then Bitcoin was never designed to succeed in the first place.
“If all it takes to kill Bitcoin is a bullish entity that likes it enough to buy, then go home,” she said.
Samson Mow Shares the Same View
Samson Mow, the Chief Executive Officer of Jan3 and a vocal Bitcoin supporter, echoed Alden’s perspective. Responding to her comments, he noted that Bitcoin does not operate under a proof of stake model, meaning ownership of the asset does not grant control over the network.
He further argued that Bitcoin was intentionally designed to allow participation from corporations, institutions, and even nation states without compromising its decentralization. In his view, large entities buying Bitcoin is not a flaw in the system but rather a feature of how the network was built to operate.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
