"Empery Digital sold 370 BTC at an average price of $66,632, generating $24.7 million in proceeds, using part of the funds to repay its term loan."
"Genius Group, which once held as much as 440 BTC, sold its remaining 84 BTC to repay $8.5 million in debt, indicating a potential future rebuild of its bitcoin treasury."
"Riot Platforms moved 500 BTC, worth about $34 million, to an exchange-linked address, following roughly $200 million in bitcoin sales as it shifts focus to AI and high-performance computing."
"Nakamoto Holdings sold 284 BTC for about $20 million in March, reflecting a broader trend of companies tapping into their bitcoin holdings for operational needs."
A significant wave of bitcoin selling is occurring among public companies and sovereign entities, as firms like Riot Platforms and Genius Group reduce their holdings to manage long-term losses and improve liquidity. Empery Digital sold 370 BTC to repay loans, while Genius Group exited its BTC position entirely to address debt. Riot Platforms has also sold substantial amounts of bitcoin, redirecting capital towards AI and computing infrastructure. This trend contrasts sharply with the previous two years of aggressive bitcoin accumulation by these firms.
Read at Bitcoin Magazine
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