Public companies, once seen as long-term holders of bitcoin, are increasingly selling it due to prolonged price weakness. Empery Digital (EMPD), one of the largest publicly traded bitcoin mining companies in the U.S., sold 370 BTC at an average price of $66,632, generating $24.7 million, leaving the company with 2,989 BTC. Meanwhile, Genius Group (GNS), an AI-powered, bitcoin-focused education company, has completely sold off its stash and liquidated its remaining 84 BTC to repay $8.5 million in debt. Riot Platforms (RIOT), another public company, reportedly sold approximately $200 million worth of bitcoin in the final two months of 2025. While public bitcoin treasury companies still hold around 1,164,800 BTC, accounting for over 5% of the total BTC supply of 21 million.