Bitdeer Fully Liquidates BTC Holdings, Sends Shockwaves Through Industry

Full Liquidation: Bitdeer's BTC Holdings Drop to Zero

Bitcoin mining company Bitdeer has revealed that as of February 20, its entire self-held Bitcoin holdings have been fully liquidated. This development has drawn significant attention across the industry and raised questions about strategic decisions.

Mining and Selling in Tandem

Data shows Bitdeer mined 189.8 BTC this week and sold the same amount, resulting in a zero-hold strategy. This suggests a possible shift in the company’s financial positioning or a cautious outlook on the market.

Fund Movements and Market Reactions

• Net outflow of 943.1 BTC during the week
• Self-held BTC completely separated from customer deposits
• Strong market reaction sparks industry-wide speculation

These figures provide insight into Bitdeer's current strategy and its potential impact on the broader market sentiment.