Gate News message: On April 2, AI and crypto company Genius Group announced that it had sold all its Bitcoin holdings in the first quarter of 2026. The proceeds will be used to repay a $8.5 million debt, and its Bitcoin holdings have been reduced to zero.
This move conflicts with the “Bitcoin-first” strategy the company proposed in November 2024, when it pledged to allocate more than 90% of its reserves to Bitcoin.
Notably, Genius Group is not an isolated case. In March, MARA Holdings sold 15,133 BTC, raising about $1.1 billion to fund the repurchase of convertible notes; in February, the mining company Bitdeer cleared all 943 BTC; Cango Inc. sold 4,451 BTC; and the AI technology company GD Culture Group also authorized the sale of part of its 7,500 BTC reserves.
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