Bitdeer Fully Liquidates Weekly Bitcoin Output, Sparks Market Speculation
In the week ending February 27, Bitdeer, the crypto mining company linked to Wu Jihan, mined 166 BTC and sold the entire amount, valued at approximately $10.96 million. Notably, the company’s Bitcoin balance remains at zero following the sale.
Strategic Shift or Market Response?
On February 22, Bitdeer officially announced the full liquidation of its BTC holdings, with plans to sell off all mining proceeds immediately. This move suggests a possible shift in the firm’s financial and operational strategy amid volatile market conditions.
- 166 BTC mined and sold in one week
- No BTC holdings currently on balance sheet
- Founder hints at potential future changes
Wu Jihan later remarked that holding zero BTC now doesn’t mean the company will maintain that stance indefinitely, leaving room for speculation on future positioning.