Publicly Traded Companies and Governments Unwind Their Bitcoin Holdings

The recent surge in volatility within the cryptocurrency market has led to a significant shift in investor behavior, with several publicly traded companies initiating the liquidation of their Bitcoin holdings.

One such example is Empery Digital, which announced on Wednesday that it had sold 370 BTC at an average price of $66,632, generating approximately $24.7 million. This sale has significantly reduced the company's Bitcoin reserves, with a remaining balance of 2,989 BTC.

The firm had accumulated its peak position of roughly 4,000 BTC in July 2025 and had been holding onto these assets despite the prolonged price weakness. The recent sell-off has also led to a decrease in the company's share value, with prices down by 75% from their all-time high of $15.80.

This trend is not isolated to Empery Digital, as other companies such as Genius Group have also initiated the liquidation of their Bitcoin reserves. The AI-powered education company had previously held up to 440 BTC but has since sold off its entire stash, with a remaining balance of zero. In addition, the Bhutan government has also reduced its Bitcoin holdings by selling a total of 3,103 BTC.