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#BitdeerLiquidates943.1BTCReserves
Bitdeer, one of the world's largest Bitcoin miners, has liquidated all of its institutional Bitcoin reserves. The company sold all of its newly mined coins (189.8 BTC) in the last week, as well as its remaining treasury reserve of 943.1 BTC. This brings its balance to zero BTC, excluding off-balance-sheet customer deposits. This move marks the end of an 8-week phased sell-off, completing the descent from approximately 2,000 BTC by the end of 2025 to zero.
The company plans to use the liquidity for AI/high-performance computing infrastructure, data center expansion, and powered land purchases.
Bitdeer officials stated that "the Bitcoin sale should not worry the market," emphasizing their long-term commitment to hash rate growth and Bitcoin mining.
Bitdeer, one of the world's largest Bitcoin miners, has liquidated all of its institutional Bitcoin reserves. The company sold all of its newly mined coins (189.8 BTC) in the last week, as well as its remaining treasury reserve of 943.1 BTC. This brings its balance to zero BTC, excluding off-balance-sheet customer deposits. This move marks the end of an 8-week phased sell-off, completing the descent from approximately 2,000 BTC by the end of 2025 to zero.
The company plans to use the liquidity for AI/high-performance computing infrastructure, data center expansion, and powered land purchases.
Bitdeer officials stated that "the Bitcoin sale should not worry the market," emphasizing their long-term commitment to hash rate growth and Bitcoin mining.