Bitcoin Treasuries Are Cracking as Public Companies Turn into BTC Sellers
Bitcoin Magazine
Public companies and sovereign entities are selling Bitcoin to address liquidity needs, repay debt, and fund operational shifts.Summary
A growing number of public companies, including Riot Platforms, Genius Group, and Marathon Digital, are liquidating their Bitcoin holdings. This trend marks a reversal from previous accumulation strategies, as firms now prioritize shoring up balance sheets, repaying debt, and pivoting toward new operational goals like artificial intelligence. Even sovereign entities like Bhutan have begun reducing their Bitcoin reserves, signaling a broader shift in market sentiment despite public companies still holding over 1.16 million BTC.
(Source：Bitcoin Magazine)