Bitcoin Fends Off Sell-Offs Amid Corporate Treasury Sales and Poolin Bankruptcy

Bitcoin's price remained relatively stable near $65,000 amid corporate selling pressure and a major options expiry. Several publicly listed companies have begun reducing their Bitcoin holdings or restructuring their finances due to declining share prices.

The shift away from accumulating BTC has been led by Strategy (formerly Microstrategy), which hasn't purchased any new Bitcoins in the last four weeks while selling stocks to increase its cash reserves to $3.2 billion.

The mining sector also faced challenges after Poolin, one of the world's largest Bitcoin mining pools, filed for Chapter 11 bankruptcy protection in the United States, listing liabilities between $100 million and $500 million.

Despite these pressures, Bitcoin avoided a deeper sell-off as investors continued to monitor regulatory developments in the US, including progress on the CLARITY Act. The asset's price remains below its October 2025 peak of $126,080, with a current recovery intact but volatile near-term prospects.