Bitcoin Treasury Holdings Under Pressure as Public Companies Sell

A significant shift is taking place in the bitcoin market as public companies and sovereign entities reduce their holdings. This wave of selling has added pressure on the market, which had previously seen a trend of accumulation by these firms during a period of rising prices.

Several companies have been involved in the reduction of their BTC treasuries, including Empery Digital, Genius Group, and Riot Platforms. These firms have cited liquidity needs and operational priorities as reasons for selling their bitcoin holdings.

Empery Digital sold 370 BTC at an average price of $66,632, generating $24.7 million in proceeds. The company used part of the funds to repay its term loan and released about 1,800 BTC that had been held as collateral.

Genius Group exited its entire BTC position by selling its remaining 84 BTC to repay $8.5 million in debt. Riot Platforms has also been selling, with blockchain data indicating the company moved 500 BTC worth around $34 million to an exchange-linked address.

The trend extends beyond corporate treasuries, with Bhutan continuing to reduce its BTC holdings. Despite the recent selling, public companies still hold about 1.16 million BTC, or more than 5% of bitcoin's fixed supply.