The bitcoin market is under pressure from a wave of selling bitcoins by public companies and government entities, including firms who once claimed to be long-term bitcoin holders sit on long-term losses And move to consolidate balance sheets and repay debt in order to fund strategic pivots.
Riot Platforms and Genius Group have reduced their bitcoin investments this week. They cited liquidity requirements and operational priorities.
This shift is a dramatic departure from the trend of accumulation that characterized the last two years. During a time when prices were rising, firms had been racing to accumulate BTC Treasury.
Bitcoin HODL-ish
Empery Digital – EMPD said It sold 370 BTC for an average of $66,632, which generated $24.7 million. Part of the proceeds were used to pay off its term loan, and about 1,800 BTC held as collateral was released.
Empery now holds 2,989 BTC. This is down from the peak of 4,000 BTC it had when it started accumulating BTC in July 2025. Shares have declined 75% from their 2025 peak of $15.80.
Genius Group, an AI-based education company which once owned as much as 444 BTC. has exited BTC. To repay an $8.5-million debt, the firm sold all 84 BTC remaining. The sale completed a string of cuts that began in early this year.
It said that it will rebuild its bitcoin Treasury when the market improves.
Riot Platforms (RIOT), a publicly listed bitcoin miner in the U.S.A. has also sold. Lookonchain data indicates that 500 BTC (worth about $34 million) were sent to an address associated with an exchange by the company, which suggests a possible sale. This movement took place On April 1,
Riot purchased approximately $200 million worth of bitcoins in the last months of 2025. shifts capital toward artificial intelligence High-performance computing infrastructure
Some firms are simply tapping into their reserves. Nakamoto Holdings, or NAKA, sold around 284 BTC worth $20 million to represent a 5% share of its reserve in March.
The company said Proceeds from these acquisitions, which are tied to the bitcoin strategy of Nakamoto’s company, will go towards working capital. Nakamoto has reported an annual pre-tax profit of $52.2m for the year 2025. This was largely due to a drop in its digital asset value.
Marathon Digital has taken a giant step. The miner sold Between March 4th and March 25th, 15,133 BTC was sold for $1.1billion. The proceeds were used to purchase $1 billion of convertible notes that are due between 2030 and 2031. This reduced outstanding debts by approximately 30%. This move reduced its BTC holdings from 53,822 BTC to 38,689 BTC.
Trends are not confined to corporate treasuries. Bhutan continues to sell BTC, with a total sale of 3,103 BTC. Glassnode’s data shows that 375 BTC was transacted on March 30.
Its position was built through mining operations backed by the state, which reached more than 13,000 BTC. peak The year 2024 is October.
Despite the recent selling, public companies still hold about 1.16 million BTC, or more than 5% of bitcoin’s fixed supply of 21 million, according to BitcoinTreasuries.net.
Bitcoin is trading near $66,000, down roughly 3% for the day.
Bitcoin Magazine is published in the United States by BTC Inc., a division of Nakamoto Inc.
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Source: bitcoinmagazine.com
