Markets· ★★★· bearish·

Twelve companies liquidated their entire bitcoin treasuries in 2026

  • —Twelve companies sold all their BTC, with proceeds largely going to debt and shareholder returns
  • —Corporates absorbed about 18% of mined BTC in Q3 2026
  • —Spot ETFs bought $6.4 billion of bitcoin over the same period
  • —Strategy held 848,517 BTC as of October 26, roughly 4% of total supply
Why it matters: Small treasury exits were easily absorbed, but any sizable sale from Strategy's reserves could weigh heavily on bitcoin's price.
Source: DiarioBitcoin