Publicly Listed Firms Ditch Crypto Treasury Strategies Amid Volatility
A growing number of publicly listed companies that adopted Bitcoin and crypto treasury strategies are now reducing exposure or changing their approach. The shift reflects pressure from crypto volatility, debt obligations, liquidity needs, and shifting business priorities.
Satsuma Technology shareholders voted to liquidate the company's entire 668 BTC holding, worth around $43.5 million, returning capital to investors and delisting from the London Stock Exchange. Other companies like Bitdeer, Sequans Communications, Genius Group, and Prenetics have also abandoned their crypto accumulation strategies.
Major firms like MARA Holdings, Empery Digital Strategy (formerly MicroStrategy), and Nakamoto Inc. are selling portions of their Bitcoin holdings to repay debt or support business operations. Smarter Web Company and Cango have sold BTC to fund acquisitions and AI transformation strategies.