Bitcoin treasury companies sell up, repay debt, pivot to AI as share prices collapse
Several companies are liquidating their Bitcoin holdings to repay debt and pivot their resources toward AI data center infrastructure. This trend follows a significant decline in Bitcoin prices and a shift in corporate capital strategies.
Why it matters
It reflects a broader market shift where firms are prioritizing AI-related infrastructure over volatile crypto assets.
Since then, bitcoin has slumped about 50%, sending share prices tumbling and forcing many of the companies to reconsider their accumulation strategies. According to VanEck Head of Digital Assets Research Matthew Sigel , several companies have now exited crypto entirely or are reducing holdings substantially.
Just this week, Satsuma Technology (SATS) shareholders approved the liquidation of all 668 BTC, the return of capital and a delisting from the London Stock Exchange. Another LSE-listed firm, Smarter Web Company (SWC), sold 178 BTC to repay a convertible instrument
“When we entered into Smarter Convert in August 2025, it provided an innovative alternative to traditional leverage,” Smarter Web CEO Andrew Webley said in a statement . “… whilst we continue to recognise the potential benefits of both fiat and Bitcoin-denominated convertible instruments, we do not currently believe they represent the right capital solution for The Smarter Web Company.”
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