Companies dedicated to Bitcoin mining reduced their reserves by 61,000 units of bitcoin (BTC) over the last four years.
This trend led industry inventories from 1,862,000 million BTC in September 2022 to a minimum of 1,801,000 million of BTC, on March 23, 2026. Despite this sustained liquidation, selling pressure from mining companies showed a slight slowdown during the first weeks of April.
As seen in the following graph from the CryptoQuant firm, Total reserves recovered slightly to reach 1,804,000 million BTC after the minimum recorded in March. This change suggests a momentary pause or the beginning of a definitive stabilization after years of sales.
The main trigger for this behavior lies in the need for companies to generate immediate liquidity in fiat currency. Companies are seeking to finance their operational transition into emerging technology sectors, specifically artificial intelligence (AI). This strategic move responds to the search for more stable sources of income that do not depend exclusively on the volatility of the price of bitcoin.
On this point, analyst Charles Edwards, founder of Capriole Investments, warned about what he considers a structural threat to the network. According to his vision, the main miners are abandoning the mining business to turn to AI. His analysis projects that Income from Bitcoin mining could fall from 90% to 30% of your total operations in the short term.
Edwards’ projection finds its immediate reflection in the actions of MARA Holdings, one of the largest Bitcoin mining companies in the United States, which has already begun to materialize this change after selling 15,133 BTC in March. This figure represents 30% of its total currency reserves. The signature used these resources to expand into artificial intelligence and high-performance computing (HPC), which uses supercomputers to process complex data, as reported by CriptoNoticias.
However, MARA insists that these sales do not mean a total abandonment of Bitcoin mining. The company describes the maneuver as a strictly financial move to strengthen its balance sheet and reduce outstanding debts. In this way, the organization is moving towards a hybrid business model where mining remains the core activity of the group.
In a similar vein, Core Scientific projected the sale of approximately 2,500 BTC during the first quarter of 2026. The company plans to liquidate most of its holdings in the currency throughout this year to restructure its infrastructure goals. Its current goal is to capitalize on high-intensity computing sectors that offer profit margins. more predictable.
Core Scientific has begun to diversify its cash flow through hosting contracts (hosting) for enterprise-grade graphics processors (GPU). These components are essential for training artificial intelligence models. By taking advantage of its installed electrical energy capacity, the company seeks to transform its mining infrastructure into data centers capable of generating constant income in fiat currency.