Over 3,000 bitcoins have been sold recently by several digital asset treasury firms struggling with tumbling share prices and mounting debt. Companies like Satsuma Technology, which approved liquidating all 668 BTC, and Sequans Communications, selling more than 1,000 bitcoins to cover convertible debt, highlight the scale of this sell-off.
Bitcoin's value has fallen about 50% since its peak near $126,000 in October 2025, triggering widespread portfolio restructuring. Nakamoto sold around 284 BTC to secure $20 million for working capital, yet over two-thirds of its remaining bitcoins are pledged against loans, exposing it to severe risk if the market worsens.
Meanwhile, miners such as MARA and Bitdeer are shifting focus, selling bitcoin to invest in AI infrastructure, signaling a pivot in strategy amid the challenging crypto market. Leadership upheavals and a failed merger at Twenty One Capital and BSTR add to signs of disruption in the sector.
