The bitcoin treasury boom is unwinding as some companies and governments sell holdings
CoinDesk
Public companies and sovereign entities are liquidating bitcoin reserves to strengthen balance sheets amid prolonged market consolidation and price weakness.Summary
A growing trend of bitcoin liquidation is emerging among public companies and sovereign holders as prolonged price weakness and market consolidation pressure balance sheets. Firms like Empery Digital and Genius Group have sold significant portions of their holdings to repay debt, while major mining entity Riot Platforms is divesting to fund pivots into AI and high-performance computing. Additionally, the government of Bhutan has continued to reduce its state-backed bitcoin reserves. Despite these exits, public companies still collectively hold over 5% of the total bitcoin supply, and some entities like Metaplanet continue to aggressively expand their positions.
(Source：CoinDesk)