Major Cryptocurrency Companies Liquidate Bitcoin Holdings Amid Market Decline

Bitcoin Exodus: Major Crypto Firms Liquidate Holdings Amid Market Turmoil

As Bitcoin (BTC) continues its downward spiral, several prominent cryptocurrency companies are making significant moves to liquidate their holdings. The once-booming digital currency, which reached an all-time high of $126,000 in October 2025, has faced a dramatic crash, prompting firms to rethink their strategies.

Bitdeer Technologies Group (Nasdaq: BTDR), one of the largest Bitcoin mining companies, made headlines in February when it fully liquidated its corporate BTC holdings. This decision reflects a broader trend among miners and crypto firms grappling with the volatile market.

In March, Marathon Digital Holdings (Nasdaq: MARA) sold 15,133 Bitcoin for approximately $1.1 billion, while Cango Inc. (NYSE: CANG) offloaded 2,000 Bitcoin. Even MicroStrategy (Nasdaq: MSTR), the largest Bitcoin treasury company, has sold Bitcoin twice this year, marking a significant shift in its strategy. Between May 26 and May 31, MicroStrategy sold 32 Bitcoin for around $2.5 million, a move that surprised many in the industry.

The latest company to join the liquidation wave is Satsuma Technology (LSE: SATS.L), a U.K.-based Bitcoin treasury firm. In a recent filing, over 90% of Satsuma’s shareholders voted to liquidate the company’s entire Bitcoin holdings and cancel its listing on the London Stock Exchange. The decision comes as the company prepares to sell 668 Bitcoin, valued at approximately $43.5 million.

The decision to liquidate follows a tumultuous year for Satsuma, which saw its stock plummet by 97%. In December, the company was forced to sell 579 Bitcoin to ensure it had sufficient cash to repay noteholders who opted not to convert their debt into shares. The departure of both the CFO and CEO earlier this year further compounded the company’s challenges.

As part of the liquidation process, Satsuma plans to return cash assets worth between £26.8 million and £30 million to its shareholders. This move underscores the growing urgency among crypto firms to stabilize their finances in the face of a market that has left many scrambling for solutions.

With Bitcoin’s price continuing to fluctuate, the trend of liquidation among major players raises questions about the future of cryptocurrency investments. As the market grapples with uncertainty, investors and companies alike are left to ponder the implications of these significant sell-offs.

This story was originally published by TheStreet on July 22, 2026, where it first appeared in the MARKETS section.