The bitcoin treasury boom is unwinding as some companies and governments sell holdings

Falling prices and prolonged consolidation are pushing public firms and sovereign holders to liquidate bitcoin reserves to shore up balance sheets.

What to know:

Public companies including Empery Digital, Genius Group and Riot Platforms have all sold bitcoin this week, citing debt repayment, liquidity needs, or strategic pivots into AI and HPC.

Sovereign selling is also accelerating, with Bhutan offloading more bitcoin.