- Jacob King cites that Bitcoin treasury companies are increasingly selling their BTC holdings.
- Bitdeer Technologies has sold its complete BTC portfolio.
- As per King, this sell-off indicates these companies’ losing confidence in BTC.
As the crypto market crash deepens, Bitcoin treasury companies are rapidly reducing their exposure. Over the past three months, these companies have reportedly slashed their holdings by more than 37%. This marks the deepest decline in the market’s history.
Industry leaders like Bitdeer Technologies are actively offloading their BTC, signalling a growing lack of confidence in the digital assets among corporate holders.
Bitcoin Treasury Firms Increasingly Dump BTC
In an X post earlier today, SwanDesk CEO and Founder Jacob King shed light on the growing Bitcoin sell-off among corporate BTC holders. He noted that Bitcoin treasury companies are selling their coins, either voluntarily or due to falling prices. The X post read,
“One by one, all Bitcoin treasury companies will either willingly dump their BTC or be forced to as prices fall. Data shows companies have reduced their exposure to BTC by over 37% within the past three months, the largest downturn in history.”
Reportedly, Bitcoin treasury firms have reduced their BTC holdings by more than 37% over the past three months, marking the biggest decline.
Jacob King believes that many firms initially invested in BTC, hoping to make quick profits and attract new investors. But those plans have largely backfired. King also noted that the ongoing bear market is likely to continue, and the next major price drop could be shocking for retail investors who entered the market without fully understanding the risks. He wrote,
“Bitcoin is a failed experiment. Companies bought in because they thought they could make some quick fiat gains and it would lure new dumb money into their failing stock, but it backfired on both. They’re now jumping ship as quick as they can. There’s no denying we’re in a bear market. The next major leg down will be eye-opening for many naive retail who got lured into this scam.”
As pointed out by the expert via screenshots, major Bitcoin miners like Bitfarms have also offloaded their holdings earlier. Citing even older reports, King intends to highlight the growing tendency of selling cryptocurrencies among large companies.
Bitdeer Sells Entire Bitcoin Treasury
Bitdeer Technologies, a Singapore-based Bitcoin miner, has completely emptied its corporate Bitcoin holdings. Over eight weeks, the company sold all newly mined coins and reserves, including 943.1 BTC in a single week. This leaves the company’s balance sheet with zero BTC as of February 23.
However, the platform stated that its Bitcoin sell-off should not be a concern for the broader market. The firm stated,
“Our decision to sell Bitcoin should not be a concern for the broader market. We are currently evaluating multiple non-binding powered land acquisition opportunities, and we believe it is prudent to prepare liquidity now. Our hash rate will continue to grow, and we will continue to mine more Bitcoin for the interest of our shareholders.”
Previously holding around 2,000 BTC at the end of 2025, Bitdeer gradually reduced its stash. It dropped to around 1,530 coins by the end of January 2026 and then to 943 BTC by mid-February. The decision comes amid rising mining costs, increased network difficulty, and shrinking profits.
