Publicly traded Bitcoin mining companies have sold more than 15,000 BTC since October, according to data highlighted in TheEnergyMag’s Miner Weekly newsletter. The sales came after a market peak and a sharp flash crash that forced many companies to rethink their treasury strategies and manage liquidity more carefully.

Several major miners contributed to the sell-off, including Cango, which sold around 4,451 BTC—about 60% of its reserves—and Bitdeer, which reportedly liquidated its entire Bitcoin treasury. The trend signals a shift away from the “hold everything” approach many mining firms followed during the 2024–2025 crypto bull market.