Skip to main content

Bitdeer’s Bitcoin Balance Hits Zero After Total Sell-Off – Details

Bitdeer Technologies Group has emptied its Bitcoin treasury, selling every coin on its books and bringing its corporate balance to zero.

The move follows weeks of steady disposals and comes as the company pursues fresh capital to fund expansion plans outside pure mining.

Bitdeer Sells Entire Bitcoin Holding

Based on reports, the company offloaded both newly mined tokens and long-held reserves through February 2026. Around 189.8 BTC from recent output were sold, along with roughly 943.1 BTC previously kept on the balance sheet.

By the time the transactions were settled, no crypto remained in corporate custody. Reports say this drawdown gathered pace after Bitdeer unveiled plans to raise more than $300 million through convertible notes.

The stock market responded quickly. Shares slid about 15% after the disclosures, reflecting concern over dilution and rising debt obligations. While miners often sell part of their production to cover operating costs, a full liquidation of reserves is rare. That distinction has fueled debate among investors about what the decision signals.

Bitcoin Price Action

Bitcoin’s own price backdrop has been anything but calm. The alpha coin has been choppy but steady around key macro headlines, holding a range near the mid-$67,000s to high-$60,000s in recent sessions.

After heightened geopolitical tension between the US and Iran stirred safe-haven flows and wider swings in risk assets, BTC briefly climbed above $68,000 before profit-taking pulled it back. Traders remain cautious. Volatility has been tied to geopolitical risk mood and movements in traditional markets.

At the same time, the US Supreme Court’s ruling that struck down parts of US President Donald Trump’s tariff framework triggered a modest bounce across risk assets, including Bitcoin.

Gains didn’t last long. BTC ticked up after the SC ruling but later met selling pressure as markets weighed the impact and Trump signaled new tariff options.

The overall pattern points to range-bound trading, with macro headlines guiding short-term direction rather than a strong breakout.

Why The Company Chose To Raise Cash

Reports note that Bitdeer plans to channel the new funds into expansion of data centers, AI-related services, and in-house ASIC development. Management appears to favor liquidity over holding through price swings.

Some analysts argue this is a practical response to tighter mining economics, where power costs and equipment upgrades strain margins.

Others view the complete sale as a bold pivot away from the “hold and wait” model embraced by certain competitors.

The company has not signaled a permanent exit from holding Bitcoin in the future, but for now, its balance sheet stands empty of the asset it produces.

Featured image from Unsplash, chart from TradingView



from Bitcoinist.com https://ift.tt/KTmCGik
Labels:

Comments

Post a Comment

Popular posts from this blog

Dogecoin Sees 47% Spike In Active Addresses, Why Price Could Follow Suit

Dogecoin has witnessed a massive spike in its active addresses , providing a bullish outlook for the foremost meme coin. Based on this development, the DOGE price could also witness a bullish reversal soon enough as it reclaims key support levels.  Dogecoin Records 47% Spike In Active Addresses In an X post , crypto analyst Ali Martinez stated that Dogecoin’s network activity is picking up. This came as he revealed that active addresses have jumped 47% in the past month, rising from 110,000 to 163,000. This development is bullish as it indicates more users are using the network.  This could help spark a significant rally in the Dogecoin price, as a surge in active addresses indicates that DOGE’s utility is on the rise. Another onchain metric which paints a bullish picture for the meme coin and hints at a reversal is the increase in new addresses. In another X post, Martinez revealed that Dogecoin’s new addresses have doubled in the past month, climbing from 16,400 to 34,6...
Post a Comment
Read more

Bitcoin ETFs Post Second Straight Week Of $500 Million Outflow — Details

The US-based spot Bitcoin ETFs (exchange-traded funds) recorded their second consecutive week of significant outflows over the last five-day trading period. This recent run of disappointing performances reflects the ongoing shift in investor sentiment in the United States. Over the past year, strong inflows into the US Bitcoin ETF market have constantly been associated with positive action for the BTC price. Fittingly, the price of Bitcoin has been consolidating over the past few weeks, struggling to pick up any real momentum. Bitcoin ETFs Record Fourth Consecutive Outflow Day According to the latest market data , the US Bitcoin ETFs registered a total daily outflow of $62.77 million on Friday, February 21. This latest round of withdrawals marked the fourth straight day (and the eighth day in the last nine trading days) that the crypto-based products would witness a net capital outflow. The Grayscale Bitcoin Trust (with the ticker GBTC) accounted for a larger percentage of Friday’...
Post a Comment
Read more

Bank of Russia Proposes Limited Crypto Trading for Select Investors

The Bank of Russia has put forward a new proposal that could mark a significant shift in the country’s approach to cryptocurrency regulation. Earlier today, the central bank announced that it has submitted a proposal to the Russian government to discuss allowing a limited group of investors to buy and sell cryptocurrencies such as Bitcoin. The proposal suggests implementing a three-year experimental regime where only qualified investors with at least $1.1 million in securities and deposits would be permitted to engage in crypto trading. This move is part of ongoing efforts to define Russia’s digital currency policies, which have historically shifted between strict regulations and cautious acceptance. Despite considering this controlled legalization for select investors, the Bank of Russia maintains its stance against using cryptocurrency as a payment method. The institution has also recommended introducing penalties for those who violate the terms of the experimental regime, rein...
Post a Comment
Read more