Recently, there have been remarkable changes in the bitcoin positions of institutional investors in the cryptocurrency market. Many institutions and companies that have purchased bitcoin in the last two years have started to focus on sales due to price pressures in recent months.
Bitcoin sales from institutions accelerated
Public companies, which were once defined as long-term investors, turn their bitcoins into cash as the market moves negatively. US-based digital asset company Empery Digital sold 370 bitcoins at an average price of $66,632 last week, generating approximately $24.7 million in revenue. After the sale, the amount of bitcoin the company held decreased to 2,989. Empery Digital, which paid off the company’s debts with a portion of the revenue generated, announced that the 1,800 bitcoins it previously held as collateral were released.
Empery Digital began accumulating bitcoin in July 2025, reaching nearly 4,000 bitcoins at its peak. The company’s share value seems to have decreased by 75 percent since its peak in 2025.
Artificial intelligence-focused education platform Genius Group sold all its bitcoin assets due to market conditions and debt burden. The company, which gradually reduced its reserves to 440 bitcoins in 2023, recently paid its debt of $ 8.5 million by selling its last remaining 84 bitcoins. Genius Group officials announced that they could start creating a bitcoin portfolio again when more favorable conditions occur in the market.
Miners and governments also tend to sell
The sales wave in question was not limited to medium-sized companies. Riot Platforms, the leading bitcoin miner in the USA, also recently started converting its bitcoins into cash, according to blockchain data. The company moved approximately 500 bitcoins on Wednesday, generating approximately $34.13 million in revenue. Riot Platforms stated that it is using these resources to invest in new areas such as high-performance computing. The company sold a total of approximately $200 million worth of bitcoin in two months. It is known that Riot Platforms, which regularly accumulates bitcoins from its own operations, currently has approximately 17,500 bitcoins left in its vault.
A similar picture emerged in public investments. The Bhutanese government held over 13,000 bitcoins in October last year. This reserve, accumulated through state mining activities, has rapidly eroded recently. Bhutan has sold a total of 3,103 bitcoins so far. It was recorded that 375 more bitcoins were disposed of in a single transaction on March 30.
The limited total supply of bitcoin and the significant amounts held by the public still remain decisive factors for the market.
Although bitcoin sales by companies and governments are accelerating, the total amount in the coffers of public bitcoin investors is at the level of 1 million 164 thousand 800 units. This figure corresponds to more than 5 percent of the total bitcoin supply, which is limited to 21 million.
According to market data, bitcoin is trading at $66,500 as of the moment the news was published. There has been a loss of more than 2 percent in value in the last 24 hours.
