Bitcoin Treasury Firms Sell BTC and Repay Debt as Stocks Plunge

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Public Bitcoin treasury companies are selling BTC, repaying debt, and shifting toward AI data centers after stock prices fell. Satsuma Technology shareholders approved the liquidation of all 668 BTC, and The Smarter Web Company sold 178 BTC to repay convertible debt. Strategy still holds more than 840,000 BTC, and Michael Saylor said possible future BTC sales for dividends would not mean an exit from Bitcoin investment.
BTC0.07%
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