Bitdeer Sells All 282 Bitcoin (BTC) Mined Last Week, Keeping Treasury at Zero
Covered by 2 sources · 2 articles
Bitdeer, the Nasdaq-listed mining company, liquidated its entire weekly output of 282 bitcoin immediately rather than adding to reserves, leaving the firm with zero holdings as of early September. The company's decision to sell all freshly mined coins came as bitcoin dipped below $80,000 following stronger-than-expected US employment data, which pressured risk assets broadly.
The move underscores a operational strategy focused on converting mining rewards to fiat rather than accumulating a treasury position. For a publicly traded mining firm, this approach prioritizes immediate cash flow over speculative holdings, though it contrasts with peers like Marathon Digital and Core Scientific that have built substantial bitcoin reserves during recent bull phases.
- Bitdeer sold 100% of weekly mined output, maintaining zero bitcoin reserves rather than building a treasury position.
- The liquidation occurred amid a broader market pullback triggered by strong US jobs data pushing bitcoin below $80,000.
- The strategy reflects a cash-flow-focused model distinct from mining competitors currently accumulating holdings.
All coverage
Bitdeer Mined 282 Bitcoin This Week, But Kept None of It
BitcoinWorld Bitdeer Mined 282 Bitcoin This Week, But Kept None of It Bitdeer, the Nasdaq listed Bitcoin mining company trading under the ticker BTDR, posted an update saying that as of 4 September, it had sold every single coin it mined th…
Bitdeer Sells All 282 Bitcoin (BTC) Mined Last Week, Keeping Treasury at Zero
Bitdeer sold all 282 BTC mined in the week to Sept 4, keeping holdings at zero, while a hot US jobs report briefly pushed Bitcoin (BTC) below $80,000.