Bitcoin treasury wave slowing as companies and governments begin selling holdings
While companies like Metaplanet are still buying Bitcoin, a countertrend is emerging as some corporations and governments are beginning to sell their Bitcoin holdings. For the past few years, there was a 'Bitcoin treasury boom' where many organizations viewed Bitcoin as a safe asset to hold on their balance sheets. However, market dynamics are shifting, and not all institutions see Bitcoin the same way anymore. Some sellers might be taking profits after price increases, while others may be reconsidering whether Bitcoin is the right long-term investment. This unwinding of the treasury boom suggests that the institutional adoption narrative may be more complicated than it first appeared. The shift indicates that Bitcoin's role as a corporate asset is still being defined.
Why it matters
If companies that bought Bitcoin are now selling, it suggests the initial institutional enthusiasm may be cooling. This could impact Bitcoin's price and shows that even major institutions view crypto as a risky asset worth reconsidering.
