{"id":75061,"date":"2026-07-07T08:39:58","date_gmt":"2026-07-07T08:39:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/is-strategy-now-bitcoins-biggest-seller-sell-a-kidney-jibes-fly-as-saylor-breaks-his-own-rule\/"},"modified":"2026-07-07T08:39:58","modified_gmt":"2026-07-07T08:39:58","slug":"is-strategy-now-bitcoins-biggest-seller-sell-a-kidney-jibes-fly-as-saylor-breaks-his-own-rule","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/is-strategy-now-bitcoins-biggest-seller-sell-a-kidney-jibes-fly-as-saylor-breaks-his-own-rule\/","title":{"rendered":"Is Strategy Now Bitcoin&#8217;s Biggest Seller? &#8216;Sell a Kidney&#8217; Jibes Fly as Saylor Breaks His Own Rule"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Lumida CEO Ram Ahluwalia said Strategy\u2019s $216M sale flipped the firm into bitcoin\u2019s marginal seller.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Cryptoquant\u2019s Ki Young Ju mocked Saylor\u2019s 2025 kidney quote, posting \u201cbuy your kidney back\u201d yesterday.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Strategy still holds 843,775 BTC, and its monetization program allows up to $1.25 billion in sales.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>The Kidney Quote Comes Back Around<\/h2>\n<p>For years, Michael Saylor\u2019s maxim was the loudest \u201cnever sell\u201d signal in <span>crypto<\/span>. In a <a href=\"https:\/\/x.com\/saylor\/status\/1895325810942411234\" target=\"_blank\" rel=\"noopener noreferrer\">February 2025 post<\/a> on X, as <span>bitcoin<\/span> slid below $85,000, the Strategy Inc. (Nasdaq: MSTR) executive chairman told followers:<\/p>\n<blockquote>\n<p>\u201cSell a kidney if you must, but keep the <span>Bitcoin<\/span>.\u201d<\/p>\n<\/blockquote>\n<p>That line is now being quoted back at him with Ram Ahluwalia, CEO of investment adviser Lumida Wealth, adding: \u201cMichael Saylor said \u2026 sell your kidney \u2026 but don\u2019t sell your <span>Bitcoin<\/span>. He\u2019s selling the <span>Bitcoin<\/span>.\u201d<\/p>\n<p>Ahluwalia argued that Strategy has flipped from being <span>bitcoin<\/span>\u2019s marginal buyer to its marginal seller and that the reversal is creating a hangover across the <span>crypto<\/span> market. Ki Young Ju, founder and CEO of <span>blockchain<\/span> analytics firm Cryptoquant, piled on with a <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/2074211194391441495\" target=\"_blank\" rel=\"noopener noreferrer\">post of his own<\/a>: \u201cNow sell the <span>Bitcoin<\/span> and buy your kidney back.\u201d<\/p>\n<figure id=\"attachment_829281\" aria-describedby=\"caption-attachment-829281\" style=\"width:747px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-829281\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>The jibes follow Strategy\u2019s disclosure that it sold <a href=\"https:\/\/news.bitcoin.com\/strategy-sells-3588-bitcoin-for-216-million-to-cover-dividend-payments\/\">3,588 bitcoin<\/a> for roughly $216 million between June 29 and July 5 to fund dividends on its preferred securities and rebuild its dollar reserves to $2.55 billion.<\/p>\n<p>Saylor had already broken from his \u201cnever sell\u201d stance in May, when he acknowledged on <a href=\"https:\/\/news.bitcoin.com\/strategy-sell-bitcoin-dividends-saylor-never-sell-2026\/\">an earnings call<\/a> that the company would probably sell some <span>bitcoin<\/span> to cover its obligations. After days of being mum, Saylor <a href=\"https:\/\/news.bitcoin.com\/saylor-breaks-silence-after-strategys-bitcoin-sale\/\">broke his silence<\/a> on the sale with a defense of the company\u2019s long-term thesis.<\/p>\n<p>The concept Ahluwalia invoked matters for price. The marginal buyer is the participant whose steady demand sets the price at the edge of the market. Strategy bought billions of dollars of <span>bitcoin<\/span> through 2024 and 2025, absorbing supply week after week. When that bid becomes a source of new supply instead, the marginal price-setter changes and, in Ahluwalia\u2019s telling, the whole market feels the withdrawal.<\/p>\n<p>The numbers give the argument weight as Strategy remains the largest corporate holder with 843,775 <span>BTC<\/span>, more than 4% of the 21 million coins that will ever exist, acquired at an average cost of $74,476. Its new <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> monetization program permits up to $1.25 billion in sales for reserves, dividends or buybacks, meaning last week\u2019s disposal may not be the last.<\/p>\n<h2>Hangover or Healthy Reset?<\/h2>\n<p> <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> dropped to a Monday <a href=\"https:\/\/news.bitcoin.com\/bitcoin-stumbles-after-strategys-historic-sale\/\">low of $61,246<\/a> after the disclosure but swiftly rebounded above $64,000 in the hours after. Moreover, not every institutional observer has read the sale as <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bearish<\/a>. Grayscale Research said the disposal boosted Strategy\u2019s dollar reserves to cover about 17 months of dividend payments and noted that investors are responding positively, with the firm\u2019s STRC preferred stock rebounding after the news.<\/p>\n<p>That leaves two competing narratives around the same 3,588 coins. Ahluwalia sees a structural shift where the market\u2019s biggest <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-bitcoin-whales\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">whale<\/a> has changed sides (and prices must find a new equilibrium without its bid) while Grayscale sees risk management: a smaller sale today to prevent a catastrophic one tomorrow.<\/p>\n<p>What happens next likely depends on whether Strategy sells again. The monetization program\u2019s $1.25 billion ceiling gives the company room for disposals nearly six times larger than last week\u2019s, while any return to accumulation would restore the bid that Ahluwalia says the market is missing. Until one of those happens, the kidney jokes are unlikely to stop.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/lumida-cryptoquant-strategy-marginal-buyer-to-marginal-seller\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Lumida CEO Ram Ahluwalia said Strategy\u2019s $216M sale flipped the firm into bitcoin\u2019s marginal seller. Cryptoquant\u2019s Ki Young Ju mocked Saylor\u2019s 2025 kidney quote, posting \u201cbuy your kidney back\u201d yesterday. Strategy still holds 843,775 BTC, and its monetization program allows up to $1.25 billion in sales. [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75061"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75061"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75062"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}