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AI-focused company Genius Group fully liquidated its Bitcoin holdings in the first quarter of 2026. The firm used the proceeds to repay debt, joining a growing number of companies offloading crypto assets amid a bear market.
The company said it plans to rebuild its Bitcoin treasury once market conditions improve. The move appears to mark a shift away from its “Bitcoin first” strategy, which Genius Group strongly promoted in November 2024. At the time, it pledged to hold at least 90% of its current and future reserves in Bitcoin.
As of March 2026, Genius Group held 84 BTC worth around $5.7 million. However, its holdings had been declining since April 2025, when a court temporarily barred the company from expanding its Bitcoin treasury. Purchases resumed in June of that year.
The decision to sell came alongside strong quarterly results. In Q1 2026, Genius Group’s revenue rose 171% year-over-year to $3.3 million, while gross profit increased 228% to $2 million. The company also turned a $500,000 operating loss in Q1 2025 into a net profit of $2.7 million a year later.
Who else is selling Bitcoin
Genius Group’s Bitcoin reserves have now dropped to zero—but it is not an isolated case. In 2026, several Bitcoin-related companies have also begun reducing their crypto holdings.
In March, MARA Holdings sold 15,133 BTC for approximately $1.1 billion, reducing its reserves to 38,689 BTC. This pushed the company down to third place among the largest corporate Bitcoin holders, behind Twenty One Capital. Most of the proceeds were used to repurchase about $1 billion in convertible notes, with the remainder allocated for general corporate purposes.
Meanwhile, mining company Bitdeer fully liquidated its 943 BTC holdings in February and sold newly mined coins, cutting its reserves to zero. Other notable sellers include miner Cango Inc., which offloaded 4,451 BTC, and AI firm GD Culture Group, which confirmed in February it had authorized the sale of part of its 7,500 BTC treasury.
Where the Bitcoin treasury trend came from
The trend of corporate Bitcoin reserves largely began with Michael Saylor’s Strategy. Back in 2020, the company adopted Bitcoin as its primary treasury asset and began steadily converting part of its balance sheet into BTC. Since then, Strategy has not only maintained its position but has continued to accumulate Bitcoin, building one of the largest corporate holdings in the world.
The trend was later picked up by other public companies, which saw crypto reserves not only as a store of value but also as a way to attract investor attention. Some companies even adapted the model to other assets. While Strategy focused on Bitcoin, for example, BitMine Immersion Technologies began actively accumulating Ethereum as its primary reserve asset.
It is worth noting that in April 2025, a court temporarily prohibited Genius Group from expanding its Bitcoin treasury.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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