# Is the Saylor Playbook Cracking? Bitcoin's Biggest Buyer Just Became a Seller

Page: https://stenobird.com/podcast/coindesk-podcast-network-334494/is-the-saylor-playbook-cracking-bitcoin-s-biggest-buyer-just-became-a-seller
Text version: https://stenobird.com/podcast/coindesk-podcast-network-334494/is-the-saylor-playbook-cracking-bitcoin-s-biggest-buyer-just-became-a-seller.md
Podcast: [CoinDesk Podcast Network](https://stenobird.com/podcast/coindesk-podcast-network-334494)
Published: 2026-07-06T18:50:00+00:00
Episode link: https://traffic.megaphone.fm/CDI4950573893.mp3
Audio file: https://traffic.megaphone.fm/CDI4950573893.mp3
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JSON: https://stenobird.com/v1/public/podcasts/coindesk-podcast-network-334494/episodes/is-the-saylor-playbook-cracking-bitcoin-s-biggest-buyer-just-became-a-seller
Duration seconds: 1449

## Resource

On this episode of CoinDesk's Public Keys at the New York Stock Exchange, Jennifer Sanasie is joined by Two Prime Founder and CEO Alex Blume to discuss Bitcoin's range-bound price action, Strategy's accelerating Bitcoin sell-off, and why he's skeptical of the stablecoin consortium behind OpenUSD that knocked Circle lower. In a taped interview from the NYSE floor, Securitize CEO Carlos Domingo breaks down the company's NYSE debut under the ticker SECZ via a SPAC deal, its more than $400 million raise, and its move to tokenize its own common stock on the Solana and Avalanche blockchains. Plus, Lumida CEO Ram Ahluwalia makes sense of the macro picture — from MicroStrategy's shift from Bitcoin's marginal buyer to marginal seller and the bull case for Hyperliquid, to why he sees non-farm payrolls as "noise" under new Fed Chair Kevin Warsh. - Learn more at https://www.bullish.com/. - Register now for CoinDesk's Policy and Regulation event on September 22, 2026: https://policy-regulation.coindesk.com/. - To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp. - Timecodes: 00:00 Welcome to Public Keys 00:22 Two Prime Founder and CEO Alex Blume on Bitcoin's Range 01:26 Strategy Sells 3,588 Bitcoin to Fund Dividends 03:53 How Bitcoin Breaks From the Strategy Narrative 05:46 Circle Drops 15% on OpenUSD Consortium News 09:13 Securitize (SECZ) Goes Public on the NYSE via SPAC 10:56 Why Securitize Chose a SPAC Over an IPO 12:10 Securitize Tokenizes Its Own Stock on Solana and Avalanche 13:33 Bitcoin, Ether and Hyperliquid ETF Flows 14:37 Lumida CEO Ram Ahluwalia on MicroStrategy's Shift to Selling 16:53 The Bull Case for Hyperliquid 17:37 Non-Consensus Picks: Quality Stocks and ICE 19:09 Why Non-Farm Payrolls Are 'Noise' 20:37 Fed Ch…

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