Public companies are selling Bitcoin holdings amid losses, pressuring the market and shifting strategies.

Several public companies and sovereign entities, including Riot Platforms, Genius Group, and Nakamoto Holdings, are selling significant portions of their Bitcoin holdings due to long-term losses and liquidity needs. This marks a shift from the previous trend of accumulation during rising prices. Firms are using proceeds to repay debt, fund operations, and pivot strategies toward areas like AI and high-performance computing. Despite the selling, public companies still hold over 1.16 million BTC, representing more than 5% of Bitcoin's total supply, while Bitcoin prices hover near $66,000.