Bitcoin mining company Bitdeer has fully liquidated its corporate Bitcoin treasury, bringing its holdings to zero. The company sold all 189.8 BTC mined during a recent week and an additional 943.1 BTC from its reserves. This move is atypical for a major miner and comes as many industry players explore expansion into the artificial intelligence sector.
Singapore-based Bitcoin mining firm Bitdeer has completely emptied its corporate Bitcoin treasury. The company’s “pure holdings,” which exclude customer deposits, now stand at 0 BTC according to a weekly operational update.
During the reported week, Bitdeer mined 189.8 BTC but immediately sold the entire amount. The company also liquidated an additional 943.1 BTC from its previously held reserves.
A few weeks earlier, on February 13, Bitdeer held exactly 943.1 BTC in its treasury. At that time, it had mined 183.4 BTC and sold 179.9 BTC while keeping its long-term reserves untouched.
Mining companies typically sell a portion of newly mined Bitcoin to cover operational expenses like electricity and equipment. Most large miners maintain a treasury balance to benefit from potential future price appreciation.
By fully liquidating its reserves, Bitdeer has taken an uncommon step in the industry. The move suggests the company may be prioritizing liquidity and capital flexibility over holding Bitcoin for long-term gains.
Bitdeer has not clarified why it sold all its Bitcoin holdings. The timing has sparked discussion as many mining companies show interest in expanding into the artificial intelligence sector.
For instance, EDF Pulse Ventures recently finalized a deal for a 64% stake in Exaion after securing regulatory approvals. These developments show some miners are adjusting treasury strategies while others focus on partnerships and expansion.
For Bitdeer, the complete liquidation marks a significant shift in financial strategy. It could signal a more cautious stance in the current volatile market environment.
