Bitcoin Treasury Companies Begin Selling BTC as Prices Fall 50% from October 2025 Peak

According to CoinDesk, as Bitcoin prices fell from around $126,000 in October 2025 to approximately $63,000—a decline of roughly 50%—publicly listed cryptocurrency treasury companies began offloading BTC holdings this week to repay debt and fund operations. Satsuma Technology shareholders approved liquidating 668 BTC, while Sequans Communications sold 1,025 BTC and The Smarter Web Company disposed of 178 BTC to repay convertible bonds. Nakamoto sold around 284 BTC to raise approximately $20 million in operational capital. Strategy, the world's largest publicly traded Bitcoin holder with over 840,000 BTC, has sold about 3,620 BTC and authorized further asset sales to maintain dollar reserves.

Concurrently, Bitcoin miners including Bitdeer Technologies and MARA Holdings are redirecting capital from BTC sales toward share buybacks, debt repayment, and shifting energy resources and computing infrastructure toward AI data center operations. Industry observers note that rising financing costs and Bitcoin price volatility are forcing treasury companies to transition from pure accumulation strategies toward cash-generative AI infrastructure businesses.