Twelve Companies Using Bitcoin Treasury Strategies Have Liquidated Holdings
A group of twelve companies that adopted Digital Asset Treasury (DAT) strategies in 2025 have fully liquidated their Bitcoin holdings. According to a Bitwise market report, these sales were primarily driven by the need to repay debt or return capital to investors following declines in stock prices and a subsequent bear market for Bitcoin. Despite the liquidations, the overall impact on Bitcoin's price has been minimal. In Q3 2026, corporate buyers absorbed approximately 18% of new supply, while spot Bitcoin ETFs acquired $6.4 billion worth of the asset. While smaller DAT companies have exited the market, much attention remains on Strategy (MSTR), which holds roughly 4% of the total Bitcoin supply and possesses significantly more influence over potential price movements.
Topics: Bitcoin Corporate Holdings Debt Repayment Digital Asset Treasury