AI-powered Bitcoin treasury and education company Genius Group said it sold the remainder of its Bitcoin in Q1 to pay down debt, joining a wave of firms liquidating crypto assets amid a bear market. The company said it will rebuild its Bitcoin treasury when market conditions are more favorable.
The decision departs from a “Bitcoin first” strategy announced in November 2024, when Genius pledged to hold 90% or more of its current and future reserves in Bitcoin. Genius held 84 BTC, worth about $5.7 million, as of March 2026. Holdings had declined since April 2025 after a US court temporarily barred the company from expanding its Bitcoin treasury; Genius resumed purchases in June 2025.
The sale announcement coincided with strong first-quarter results. Genius reported Q1 revenue up 171% year‑on‑year to $3.3 million and gross profit up 228% to $2 million. The company swung from a $500,000 operating loss in Q1 2025 to a $2.7 million net profit in Q1 2026.
Bitcoin treasuries liquidating in 2026
Genius is among several corporate holders reducing Bitcoin positions this year. Marathon Digital Holdings (MARA) sold 15,133 BTC in March for roughly $1.1 billion, trimming its treasury to about 38,689 BTC; proceeds were used to repurchase roughly $1 billion of convertible notes and for general corporate purposes. Mining firm Bitdeer liquidated its entire stash of 943 BTC and sold newly mined coins, reducing its holdings to zero in February. Other notable moves include Bitcoin miner Cango Inc., which sold 4,451 BTC, and AI firm GD Culture Group, which authorized the sale of some of its roughly 7,500 BTC in February.
Stalwart Strategy keeps buying
By contrast, Michael Saylor’s MicroStrategy (Strategy) has continued accumulating Bitcoin and dominated corporate purchases this year. Bitcoin‑mining analytics outlet BitcoinMiningStock noted that, excluding Strategy, the ecosystem’s buying pace has collapsed. Strategy’s most recent disclosed purchase was 1,031 BTC on March 23; it has accumulated about 89,581 BTC, valued at roughly $6.1 billion so far this year, according to Saylor Tracker.
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