Genius Group has sold its remaining 84 BTC to settle $8.5 million in debt, marking a significant shift from its 2025 goal of holding 10,000 BTC. This move highlights a broader trend among Bitcoin treasury holders, who are increasingly selling their reserves to address financial pressures. Companies like Empery, Riot, and MARA Holdings have also liquidated substantial Bitcoin holdings recently, citing debt repayment and strategic pivots. The Bitcoin treasury trade, once seen as a bullish market strategy, is facing challenges as corporate and sovereign holders sell off assets. Bhutan, for instance, has reduced its Bitcoin holdings by 58% to fund national projects. While some entities like Metaplanet continue to accumulate Bitcoin, the trend of selling under financial strain raises questions about the stability and long-term viability of Bitcoin as a reserve asset.