Corporate Bitcoin Holdings Plummet as Public Companies Abandon Crypto Accumulation Strategies
Public companies are abandoning their bitcoin accumulation strategies due to falling prices and challenging market conditions. According to Matthew Sigel, Head of Digital Assets at VanEck, dozens of organizations have fully or partially liquidated their crypto reserves.
Satsuma Technology's shareholders voted to sell all 668 BTC (~$43.5M) and delist from the London Stock Exchange in July 2026. Sequans Communications nearly sold off its entire cryptocurrency holding to pay off debts, while MARA reported selling 15,133 BTC for approximately $1.1 billion to repurchase convertible bonds.
Miners are also shifting their development strategies towards artificial intelligence infrastructure and colocation. Nakamoto Inc.'s shares plummeted by 99% after going public, forcing the company to sell over 320 BTC to replenish working capital.