No more desire for Bitcoin: 14 companies give up BTC worth billions

Fourteen companies have offloaded their Bitcoin holdings in a sell-off totaling billions of dollars, led by a French chipmaker that has now fully liquidated the BTC reserve it began building just over a year ago. The retreat marks a notable reversal from the corporate treasury strategy that gained traction after MicroStrategy's high-profile accumulation. The scale of the disposals — spanning 14 firms — signals that corporate balance-sheet demand, a key narrative driver during Bitcoin's rally, is cooling. It matters because treasury purchases had been treated as a sticky source of buy-side pressure; coordinated exits raise questions about how much of that demand was momentum-driven. Watch whether other corporate holders follow suit or hold firm, and whether ETF inflows and retail demand can absorb the added supply.