As Bitcoin (BTC) has been crashing over the last few months, several cryptocurrency companies have been selling their BTC holdings.

Bitdeer Technologies Group (Nasdaq: BTDR), one of the largest Bitcoin mining companies, has fully liquidated its corporate BTC holdings in February.

Related: Michael Saylor’s Strategy sells Bitcoin again

MARA Holdings (Nasdaq: MARA), another major miner, sold 15,133 Bitcoin for approximately $1.1 billion in March. Another miner, Cango Inc. (NYSE: CANG), sold 2,000 Bitcoin in March.

Even Strategy (Nasdaq: MSTR), the largest Bitcoin treasury company, has sold Bitcoin twice this year for the first time after 2022:

Now, another major crypto company…