Several BTC treasury companies have begun selling their reserves. Strategy sold over 3,500 BTC in early July and has halted purchases for weeks. Satsuma Technologies received shareholder approval to sell its remaining 668 BTC and delist from the London Stock Exchange. Bitcoin miners sold a record 32,000 units in the first quarter, intensifying selling pressure. Jack Mallers stepped down as CEO of Twenty One Capital, signaling a potential major restructuring. Metaplanet and Nakamoto are among the vulnerable companies that have already sold part of their holdings.
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