The bitcoin "reserve boom" is fading as some companies and governments begin to sell their holdings.

According to Jinse Finance, on April 2, several listed companies including Empery Digital, Genius Group, and Riot Platforms have all sold Bitcoin this week. Reasons include repaying debts, meeting liquidity needs, or strategic shifts towards artificial intelligence (AI) and high-performance computing (HPC). Sovereign-level sell-offs are also accelerating, with Bhutan selling more of its Bitcoin holdings.