Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The decline of bitcoin reserves is occurring as various corporations and governments liquidate their assets.
Declining prices and extended consolidation are prompting public companies and sovereign entities to sell bitcoin reserves to strengthen their financial positions.
What to know:
- Public firms such as Empery Digital, Genius Group, and Riot Platforms have all liquidated bitcoin this week, citing reasons like debt repayment, liquidity requirements, or strategic shifts towards AI and high-performance computing.
- Sovereign selling is also on the rise, with Bhutan divesting additional bitcoin.
Individuals who invested in bitcoin over the last two years are now exiting, which may indicate a concerning trend for the market.
Once regarded as long-term holders, public companies are increasingly parting with bitcoin as ongoing price declines impact their balance sheets and strategic objectives.
For instance, Empery Digital (EMPD) revealed on Wednesday that it sold 370 BTC at an average price of $66,632, generating $24.7 million and leaving the company with 2,989 BTC. The firm utilized part of the proceeds to fully settle its outstanding term loan and also released approximately 1,800 BTC that had been previously secured as collateral.
Empery Digital started accumulating its bitcoin treasury in July 2025, reaching a peak of around 4,000 BTC. The firm’s stock has decreased by 75% from its all-time high of $15.80 in 2025.
Related Posts
Genius Group (GNS), an education firm focused on AI and bitcoin, which held as much as 440 BTC in March of last year, has fully liquidated its holdings. Recently, it sold its final 84 BTC to repay $8.5 million in debt and indicated that it will resume accumulating bitcoin once market conditions improve.
This trend is not limited to smaller players. Riot Platforms (RIOT), one of the largest publicly listed bitcoin mining companies in the U.S., has also reportedly been selling, as reflected in blockchain data monitored by Lookonchain.
The company allegedly transferred 500 BTC for about $34.13 million on Wednesday, continuing to leverage its bitcoin treasury to support its pivot into AI and high-performance computing, a strategy increasingly adopted across the mining sector.
Riot sold approximately $200 million worth of bitcoin in the last two months of 2025. The company has consistently accumulated bitcoin through its mining activities rather than implementing a fixed start date for a treasury strategy, amassing peak holdings of over 19,000 BTC. It currently retains around 17,500 BTC.
Additionally, the government of Bhutan continues to decrease its bitcoin assets, having sold a cumulative total of 3,103 BTC. A single transaction on March 30 reportedly liquidated 375 BTC, further reducing its holdings, based on data from Glassnode. Bhutan’s government built its bitcoin reserves over several years through state-sponsored mining operations, reaching a peak of over 13,000 BTC in October 2024.
While the recent wave of liquidations is undoubtedly disappointing for bulls, there remains hope.
Public companies holding bitcoin treasuries still possess approximately 1,164,800 BTC, according to BitcoinTreasuries.net. This represents over 5% of the total bitcoin supply of 21 million.
At the time of writing, bitcoin was trading at $66,500, down more than 2% since midnight UTC, according to data from CoinDesk.
Read More: MARA Holdings higher by 10% after selling $1.1 billion in bitcoin to fund debt buyback
