Public companies have begun to massively reduce their bitcoin reserves amid difficult market conditions and the need to optimize debt obligations. According to Matthew Siegel, head of the digital assets department at VanEck, dozens of organizations have decided to completely or partially liquidate cryptocurrency assets. This process is accompanied by a fundamental business restructuring, in which corporations redirect capital to the artificial intelligence sector. For example, the shareholders of Satsuma Technology approved the sale of all 668 bitcoin coins and the subsequent delisting from the London Stock Exchange. Similarly, Sequans Communications management implemented cryptocurrency assets to pay off debt, officially announcing its refusal to further invest in digital assets.

Mining companies are also adjusting their strategic priorities, shifting the focus from accumulating cryptocurrencies to developing AI infrastructure. In February, Bitdeer announced the sale of all mined and held coins, while simultaneously transferring computing power to artificial intelligence tasks and colocation services. In March, the MARA miner sold 15,133 bitcoins worth about $1.1 billion to buy back convertible bonds, noting a flexible approach to asset management depending on market conditions. The difficult financial situation also affected Nakamoto Inc., whose shares showed a significant decrease in value after the initial public offering. The management of the organization has sold more than 320 coins to replenish working capital, while about 70 percent of the remaining reserves are frozen as collateral under a loan agreement with the Kraken exchange, which matures in December 2026.

The largest corporate holder of the first cryptocurrency, Strategy, has also adjusted its reserves. In the period from May 26 to July 5, the organization sold 3,620 bitcoins: initially, 32 coins were used for payments on preferred shares, and the subsequent 3,588 coins were used to replenish the dollar reserve. Currently, the company has 843,775 bitcoins on its balance sheet. The cumulative dynamics indicate that since the peak values of October, when the asset value exceeded $ 126,000, the total volume of cryptocurrency treasuries of public companies has decreased by more than one third, reflecting a change in priorities in corporate governance and capital allocation.