Markets
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.
If you thought Bitcoin’s dance card was full of hopefuls two years ago, you’d be forgiven for thinking the orchestra just switched to a waltz for exits. Those who rushed in like a stampede of gold-rush hogs are now tripping over each other to leave, and it smells faintly of desperation.
Public companies, those paragons of fiscal restraint, have been busy unloading their BTC as the market’s fickle heart beats out a tune of “sell, sell, sell.” Prolonged price weakness? More like prolonged price weakness, because even balance sheets can’t hold a candle to a good panic.
Take Empery Digital (EMPD), a company that once built its BTC treasury like a squirrel hoarding nuts. Last week, it sold 370 BTC at $66,632 each, netting $24.7 million. That’s enough to pay off its term loan and free up 1,800 BTC from collateral, which is either a financial masterstroke or a desperate Hail Mary. The company now holds 2,989 BTC, down from a peak of 4,000-a drop so steep it makes Niagara Falls blush. And its shares? Down 75% from a 2025 high of $15.80. What’s next, a hat sale?
Genius Group (GNS), an AI-powered, Bitcoin-focused education company, has gone full “genius” by liquidating its entire 440 BTC stash. Last week, it sold off 84 BTC to repay $8.5 million in debt, declaring it’ll rebuild its BTC hoard “when conditions improve.” Translation: “We’ll come back when the market’s less likely to laugh at us.”
This trend isn’t just for the small fry. Riot Platforms (RIOT), a titan in the Bitcoin mining world, has been selling BTC too, per blockchain data. Last week, it moved 500 BTC for $34.13 million to fund its pivot into AI and high-performance computing. If Bitcoin’s your cash cow, why not milk it for parts? The company’s peak holdings? A princely 19,000 BTC. Now it’s got 17,500. Progress!
Bhutan, that quiet little Himalayan nation, is also joining the exodus. It sold 3,103 BTC total, including 375 BTC in a single transaction on March 30. Built up its BTC stash over years through state-backed mining, only to trim it down like a gardener pruning dead roses. Peak holdings? 13,000 BTC in October 2024. Now it’s trimming, probably while sipping butter tea and muttering about markets.
While the recent liquidations would make a bear grin like the Cheshire Cat, all is not lost. Public Bitcoin treasury companies still hold 1,164,800 BTC, which is 5% of the total supply. That’s like having 5% of the world’s gold in a vault labeled “Maybe Tomorrow.”
As of this writing, Bitcoin trades at $66,500, down 2% since midnight UTC. The market’s mood is as cheerful as a rainy day in the Sahara. But hey, at least it’s not $30,000 yet.
Read More: MARA Holdings: $1.1 Billion Exit Strategy or Just a Fancy Debt Repayment Dance?
Read More
- ‘Project Hail Mary’s Unexpected Post-Credits Scene Is Worth Sticking Around
- Beyond Accuracy: Gauging Trust in Human-AI Teams
- Gold Rate Forecast
- Clash Royale Balance Changes March 2026 — All Buffs, Nerfs & Reworks
- The most surprising Hannah Montana cameos: From John Cena to Dwayne Johnson and even a Coronation Street soap star as show celebrates its 20th anniversary
- Genshin Impact Version 6.5 Leaks: List of Upcoming banners, Maps, Endgame updates and more
- eFootball 2026 is bringing the v5.3.1 update: What to expect and what’s coming
- Total Football free codes and how to redeem them (March 2026)
- Brawl Stars Brawl Cup Pro Pass arrives with the Dragon Crow skin and Chroma, unique cosmetics, and more rewards
- We talked to ‘Bachelorette’ Taylor Frankie Paul. Then reality hit pause on her TV career
2026-04-02 12:43