Genius Group, an AI-powered Bitcoin treasury and education company, announced on Tuesday that it sold its entire remaining Bitcoin holdings during the first quarter of 2026 to pay off debt. The company stated it will resume building its Bitcoin treasury once it considers market conditions more favorable. The move marks a notable reversal for a firm that had publicly committed to a ‘Bitcoin first’ strategy as recently as November 2024, when it pledged to allocate 90% or more of its current and future reserves to Bitcoin.
The company had held 84 BTC valued at approximately $5.7 million as of March 2026. Its holdings had been declining since April 2025, around the time a US court temporarily barred it from expanding its Bitcoin treasury. Genius Group resumed purchasing Bitcoin in June of that year before ultimately liquidating its position entirely.
Despite the asset sale, Genius Group reported strong financial results for Q1 2026. Revenue rose 171% year-on-year to $3.3 million, while gross profit climbed 228% to $2 million. The company also swung from a $500,000 operating loss in Q1 2025 to a net profit of $2.7 million in the same quarter this year.
Genius Group is not alone in offloading Bitcoin assets in recent months. MARA Holdings sold 15,133 BTC for approximately $1.1 billion in March, reducing its treasury to 38,689 BTC and dropping it to the third largest corporate Bitcoin treasury, behind Twenty One Capital. The proceeds were used primarily to repurchase around $1 billion in convertible senior notes, with the remainder directed toward general corporate purposes.
Mining company Bitdeer also liquidated its entire stash of 943 BTC and sold newly mined coins in February, cutting its corporate holdings to zero. Other notable sellers include Bitcoin miner Cango Inc., which sold 4,451 BTC, and AI technology firm GD Culture Group, which confirmed authorization to sell a portion of its 7,500 BTC treasury, also in February. The pattern points to a broader retreat from Bitcoin among corporate holders during the current bear market.
One prominent exception to this trend is Strategy, led by Michael Saylor and recognized as the world’s largest corporate Bitcoin treasury. The firm has continued purchasing Bitcoin throughout the period, with its last reported acquisition being 1,031 BTC on March 23. According to the Saylor Tracker, Strategy has accumulated 89,581 BTC worth approximately $6.1 billion at current prices so far this year.
The contrast between Strategy and the rest of the market has drawn attention from industry analysts. Bitcoin mining analytics outlet BitcoinMiningStock noted in March that excluding Strategy, the broader ecosystem’s Bitcoin buying pace has collapsed. The divergence highlights how a single large buyer has been masking a significant pullback in corporate accumulation across the sector.
Originally reported by CoinTelegraph.
