Bitdeer Technologies Group has emptied its Bitcoin treasury, promoting each coin on its books and bringing its company stability to zero.
The transfer follows weeks of regular disposals and comes as the corporate pursues recent capital to fund enlargement plans exterior pure mining.
Bitdeer Sells Entire Bitcoin Holding
Based on reports, the corporate offloaded each newly mined tokens and long-held reserves via February 2026. Around 189.8 BTC from current output had been offered, together with roughly 943.1 BTC beforehand stored on the stability sheet.
By the time the transactions had been settled, no crypto remained in company custody. Reports say this drawdown gathered tempo after Bitdeer unveiled plans to lift greater than $300 million via convertible notes.
Bitdeer #BTC Weekly Update
🔹 BTC Holdings: 0 (pure holdings, excluding buyer deposits)
🔹 BTC Output: 189.8 BTC
🔹 BTC Sold: 189.8 BTC
🔹 Net BTC Added: -943.1 BTC
📅 Data as of February 20, 2026.#Bitcoin #BTC #BitcoinHoldings #BitcoinCommunity #BTCMining $BTDR pic.twitter.com/vtvBVEui0Q— Bitdeer (@BitdeerOfficial) February 21, 2026
The inventory market responded rapidly. Shares slid about 15% after the disclosures, reflecting concern over dilution and rising debt obligations. While miners usually promote a part of their manufacturing to cowl working prices, a full liquidation of reserves is uncommon. That distinction has fueled debate amongst buyers about what the choice indicators.
Bitcoin Price Action
Bitcoin’s personal price backdrop has been something however calm. The alpha coin has been uneven however regular round key macro headlines, holding a variety close to the mid-$67,000s to high-$60,000s in current periods.
After heightened geopolitical stress between the US and Iran stirred safe-haven flows and wider swings in threat property, BTC briefly climbed above $68,000 earlier than profit-taking pulled it again. Traders stay cautious. Volatility has been tied to geopolitical threat temper and actions in conventional markets.
At the identical time, the US Supreme Court’s ruling that struck down components of US President Donald Trump’s tariff framework triggered a modest bounce throughout threat property, together with Bitcoin.
Gains didn’t final lengthy. BTC ticked up after the SC ruling however later met promoting stress as markets weighed the affect and Trump signaled new tariff choices.
The total sample factors to range-bound buying and selling, with macro headlines guiding short-term route somewhat than a robust breakout.
Why The Company Chose To Raise Cash
Reports notice that Bitdeer plans to channel the brand new funds into expansion of information facilities, AI-related companies, and in-house ASIC improvement. Management seems to favor liquidity over holding via worth swings.
Some analysts argue this can be a sensible response to tighter mining economics, the place energy prices and tools upgrades pressure margins.
Others view the whole sale as a daring pivot away from the “hold and wait” mannequin embraced by sure opponents.
The firm has not signaled a everlasting exit from holding Bitcoin sooner or later, however for now, its stability sheet stands empty of the asset it produces.
Featured picture from Unsplash, chart from TradingView
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