• Bitcoin miner Bitdeer dumps entire BTC reserves, holdings drop to zero Bitcoin miner Bitdeer liquidated 943 BTC from reserves and sold newly mined coins, cutting corporate holdings to zero. • Cointelegraph in your social feed Bitcoin mining firm Bitdeer has sold all of its corporate Bitcoin holdings, reducing its treasury balance to zero, according to the company’s latest operational update. • In its latest weekly report, Bitdeerdisclosedthat its “pure holdings,” excluding customer deposits, have fallen to 0 Bitcoin (BTC). • The report shows the company produced 189.8 BTC during the period and sold the full amount, alongside an additional 943.1 BTC, which was liquidated from its existing treasury reserves. • In its earlierupdateon Feb. • 13, the miner still held 943.1 BTC, selling 179.9 BTC out of 183.4 BTC mined that week, leaving its treasury intact despite routine sales of newly mined coins.
Article Summaries:
- Bitcoin mining firm Bitdeer has liquidated all of its corporate Bitcoin holdings, reducing its treasury balance to zero, according to its latest weekly operational update. The miner reported producing 189.8 BTC during the period and selling the entire amount, in addition to liquidating 943.1 BTC that had been held in reserves. Previously, Bitdeer still held 943.1 BTC and sold only a portion of its weekly production. While mining companies routinely sell mined coins to cover operating costs, fully depleting treasury reserves is uncommon. Bitdeer has not yet commented on the move.
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