AI-driven Bitcoin treasury and education firm Genius Group said Tuesday it sold its remaining Bitcoin holdings in the first quarter to settle debt, joining a growing list of companies offloading crypto assets amid a prolonged market downturn.
“The company will recommence building its Bitcoin treasury when it believes market conditions are more favorable,” it said.
The decision marks a shift from its previously stated “Bitcoin-first” strategy, announced in November 2024, when it pledged to allocate 90% or more of its reserves to Bitcoin.
As of March 2026, Genius Group held 84 BTC valued at roughly $5.7 million, though its holdings have declined since April 2025, when a US court temporarily restricted the company from expanding its Bitcoin treasury. It later resumed purchases in June.
Despite the sell-off, the company reported strong first-quarter performance, with revenue rising 171% year over year to $3.3 million and gross profit climbing 228% to $2 million. It also swung from a $500,000 operating loss in Q1 2025 to a net profit of $2.7 million in Q1 2026.
Bitcoin treasuries unwind in 2026
Genius Group isn’t alone in trimming its crypto holdings. Several Bitcoin-focused firms have been offloading assets in recent months.
MARA Holdings sold 15,133 BTC for roughly $1.1 billion in March, reducing its treasury to 38,689 BTC and slipping to the third-largest corporate holder, behind Twenty One Capital. The proceeds were primarily used to repurchase about $1 billion in convertible senior notes, with the remainder allocated to general corporate needs.
Mining firm Bitdeer also exited its position, liquidating its entire 943 BTC stash and selling newly mined coins, bringing its corporate holdings to zero in February.
Other notable sales include Bitcoin miner Cango Inc., which offloaded 4,451 BTC, and AI-focused GD Culture Group, which confirmed it had authorized the sale of part of its 7,500 BTC treasury in February.
Strategy bucks the trend
In contrast, Michael Saylor’s Strategy — the world’s largest corporate Bitcoin holder — has continued to aggressively accumulate Bitcoin, standing out amid the broader sell-off.
“Strip out Strategy, and the rest of the ecosystem’s buying pace has collapsed,” BTC mining analytics outlet BitcoinMiningStock noted in March.
The company’s latest purchase totaled 1,031 BTC on March 23. So far this year, it has added 89,581 BTC, valued at around $6.1 billion at current prices, according to data from Saylor Tracker.
