[Title: Public Companies Sell 108,000 BTC—What Are Miners Really Afraid Of?]
14 publicly traded companies sold 108,000 BTC in 2026, worth a total of $8.08 billion. Miners are selling off, and the supply of Bitcoin is starting to loosen.
According to Lookonchain, 14 publicly traded companies sold $8.08 billion worth of Bitcoin last year, equivalent to 108,000 BTC. That’s a tenfold increase in Bitcoin’s annual selling volume. More importantly, miners are selling large amounts of the BTC they mine for cash, shifting from holding to selling. This usually happens when market sentiment is bearish or mining costs are too high. Bitcoin’s hashrate is still trending downward, suggesting miners may be operating below their break-even point.
Market impact
- Short term: Heavy selling can weigh on sentiment around Bitcoin, especially since its price has risen for several days in a row. This selling pressure could trigger profit-taking. Looking at capital flows, the selling is concentrated among publicly traded companies, suggesting institutions may be taking profits.
- Medium term: Continued selling by miners will increase the supply of Bitcoin, which could weigh on its price over the long term. However, publicly traded companies’ large Bitcoin holdings may also mean institutions see Bitcoin as a safe haven. This creates a supply-and-demand tug-of-war, and it’s unclear who will buy up the Bitcoin first.
My take
This sell-off puts short-term pressure on BTC, but its medium-term impact depends on buying strength. BTC faces strong resistance above $74.2K. If this sell-off pushes Bitcoin below that level, it could trigger a much larger wave of selling. But even if miners stop selling, the price may not necessarily rise. Don’t be too hard on me if I’m wrong—I’m only testing the waters with a small position myself.
$BTC $ETH #BTC #ETH
⚠️ This is not investment advice
14 publicly traded companies sold 108,000 BTC in 2026, worth a total of $8.08 billion. Miners are selling off, and the supply of Bitcoin is starting to loosen.
According to Lookonchain, 14 publicly traded companies sold $8.08 billion worth of Bitcoin last year, equivalent to 108,000 BTC. That’s a tenfold increase in Bitcoin’s annual selling volume. More importantly, miners are selling large amounts of the BTC they mine for cash, shifting from holding to selling. This usually happens when market sentiment is bearish or mining costs are too high. Bitcoin’s hashrate is still trending downward, suggesting miners may be operating below their break-even point.
Market impact
- Short term: Heavy selling can weigh on sentiment around Bitcoin, especially since its price has risen for several days in a row. This selling pressure could trigger profit-taking. Looking at capital flows, the selling is concentrated among publicly traded companies, suggesting institutions may be taking profits.
- Medium term: Continued selling by miners will increase the supply of Bitcoin, which could weigh on its price over the long term. However, publicly traded companies’ large Bitcoin holdings may also mean institutions see Bitcoin as a safe haven. This creates a supply-and-demand tug-of-war, and it’s unclear who will buy up the Bitcoin first.
My take
This sell-off puts short-term pressure on BTC, but its medium-term impact depends on buying strength. BTC faces strong resistance above $74.2K. If this sell-off pushes Bitcoin below that level, it could trigger a much larger wave of selling. But even if miners stop selling, the price may not necessarily rise. Don’t be too hard on me if I’m wrong—I’m only testing the waters with a small position myself.
$BTC $ETH #BTC #ETH
⚠️ This is not investment advice
