Bitcoin Treasury Sell-Off Accelerates as Riot, Bhutan, and Public Companies Exit Positions

Bitcoin treasury sell-off accelerates as Riot, Bhutan, and public companies exit positions

Those who supposedly bought bitcoin for long-term are capitulating.

Why Companies Are Dumping Bitcoin Treasuries in the Market Slump

Why Companies Are Dumping in the Market Slump In the volatile world of crypto, a big shift is happening. After years of stacking up , many businesses are now selling off their holdings. This comes as Bitcoin prices drop and market fears grow. What does this mean for the future of corporate crypto adoption? The Rise and Fall of Corporate Bitcoin Stacks Just a short time ago, companies saw Bitcoin as a smart store of value. Public firms and even g…

Bitcoin Treasury Companies Are Dumping Their Bitcoin

A wave of bitcoin selling from public companies and sovereign entities is adding pressure to the bitcoin market, as firms that once called themselves long-term holders sit on long-term losses and move to shore up balance sheets, repay debt, and fund strategic pivots. Companies including Riot Platforms, Genius Group, and Nakamoto Holdings have all reduced their bitcoin holdings this week, citing liquidity needs and operational priorities.  The sh…

Businesses Shed Bitcoin Treasuries Amid Market Downturn

Companies that spent years building up bitcoin treasuries are now reportedly exiting the market. As Coindesk reported Thursday (April 2), publicly-traded companies were once viewed as long-term bitcoin holders, but are now increasingly unloading the coin as ongoing price weakness crimps their plans and balance sheets. The report cites the example of Empery Digital, which announced Wednesday (April 1) that it had sold 370 of its 2,989 b…

Bitcoin treasury sell-off accelerates as Riot, Bhutan, and public companies exit positions - Technology Shout

Those who rush into Bitcoin Bitcoin$ Investments of the past two years are now heading towards exit, which is not a good sign for the market. Publicly traded companies once viewed as long-term holders are increasingly selling Bitcoin as prolonged price weakness affects balance sheets and strategic plans. Take Empire Digital (EMPD) as an example. The company announced on Wednesday that it sold 370 BTC at an average price of $66,632, generating $2…