Key Takeaways:
- Bitdeer holds zero BTC currently, reflecting sales of recent mining output.
- Leadership frames it as liquidity strategy, not capitulation or abandoning Bitcoin.
- Miners monetize new coins to cover costs and reinvest, clarifying intent.
According to PANewsLab, Bitdeer released its latest Bitcoin holdings data showing that as of February 20 the company held zero BTC on its balance sheet. The disclosure reflects sales tied to recent production rather than a permanent policy shift.
Company leadership has stated the sell-off does not mean it is abandoning Bitcoin. The positioning signals a treasury decision aimed at liquidity management and flexibility in capital allocation.
Operationally, miners often monetize newly produced coins to meet operating costs and reinvestment needs. Framing the move as strategy rather than capitulation clarifies intent and reduces misinterpretation of point-in-time balances.
As reported by Forklog, Bitdeer mined 189.9 BTC over the past week and, as of February 20, had no bitcoins left on its balance sheet. The figures indicate weekly output was sold into the market, consistent with a liquidity-first treasury stance.
Management has emphasized that a zero balance at a specific date does not constitute a standing policy. โHaving a 0 balance now does not mean it will always be,โ said Jihan Wu, founder and CEO of Bitdeer.
At the time of this writing, Bitcoin (BTC) traded near $67,612, with sentiment characterized as bearish and 30โday volatility about 11.37%. Momentum signals were mixed, with a neutral RSI reading around 38.6.
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