Crypto
Bitcoin weakness spurs selloff rush by bitcoin treasury companies
As bitcoin price weakness drags on, listed companies are reducing their holdings. Empery Digital sold 370 bitcoins at an average $66,632 each to raise $24.7 million and repaid an outstanding term loan, freeing about 1,800 bitcoins from collateral. Genius Group sold its remaining 84 bitcoins to repay $8.5 million in debt. Riot Platforms transferred 500 bitcoins worth about $34.13 million. Bhutan also sold 3,103 bitcoins, including 375 in a single transaction on March 30.
