Bitcoin Selling Trend Raises Concerns
People are closely watching Bitcoin as its price stands around $66,210.25. There’s a noticeable trend where companies that previously seemed committed to holding Bitcoin are now starting to sell, which isn’t exactly a promising sign for the market.
Many publicly traded firms are offloading their Bitcoin as prolonged price declines impact their financial health and future strategies. For instance, Empery Digital recently announced it sold 370 BTC at an average price of $66,632, bringing in about $24.7 million. They’ve now got 2,989 BTC left and used a chunk of that cash to pay off loans while also releasing around 1,800 BTC previously held as collateral.
Empery Digital started amassing its Bitcoin treasury back in July 2025, peaking at roughly 4,000 BTC. However, their stock has dropped about 75% from an all-time high of $15.80 in 2025.
Similarly, Genius Group, an AI-focused education company that had as much as 440 BTC last March, has completely sold off its holdings. Recently, they liquidated their last 84 BTC to settle $8.5 million in debt, stating they would consider re-accumulating Bitcoin when market conditions improve.
This selling trend isn’t confined to smaller entities. Riot Platforms, one of the largest Bitcoin mining companies in the U.S., is also reportedly selling its Bitcoin holdings, according to blockchain data. The firm moved 500 BTC for roughly $34.13 million recently as part of a shift towards AI and high-performance computing—strategies that many in the mining sector are now adopting.
Notably, Riot sold about $200 million worth of Bitcoin in the last two months of 2025. They didn’t have a strict start date for their strategy and instead accumulated Bitcoin steadily through mining, with peak holdings exceeding 19,000 BTC. Currently, they hold about 17,500 BTC.
On the governmental level, the Bhutanese government is also cutting back on its Bitcoin assets, having sold a total of 3,103 BTC. In a significant move on March 30th, the government liquidated 375 BTC in one transaction. They had built up their holdings through state-sponsored mining initiatives, reaching highs of over 13,000 BTC back in October 2024.
So, while this recent trend of liquidating assets might be disheartening for those rooting for Bitcoin, not everything is bleak. Public companies still collectively hold around 1,164,800 BTC, which constitutes more than 5% of Bitcoin’s total supply of 21 million.
As of now, Bitcoin is trading at around $66,500, reflecting a more than 2% drop since midnight UTC, based on CoinDesk’s data.
MAR Holdings experienced a 10% rise after offloading $1.1 billion in Bitcoin to finance bond buybacks.
