Strategy (MSTR), known for its bitcoin accumulation strategy, sold approximately $2.5 million worth of bitcoin, marking its first sale since December 2022. This move comes as many digital asset treasury firms have halted purchases or begun selling due to a downturn in the crypto market since October. While some companies have exited the treasury model, others like Bitmine and Strive remain active buyers. Bitmine, for instance, recently purchased about $53 million worth of Ethereum, while Strive acquired roughly 1,944 BTC for around $150 million. Despite the recent sale, Strategy has been a significant source of bitcoin demand, purchasing over 25,000 BTC for more than $2 billion in May alone. However, several firms have reduced their crypto holdings, with Nakamoto Holdings and Genius Group liquidating portions of their assets to address financial obligations. The landscape of digital asset treasuries is rapidly evolving as firms navigate the challenges posed by the declining market.