Bitdeer's bitcoin treasury drops to zero after miner liquidates remaining 943 BTC

• The liquidation makes Bitdeer the largest publicly traded bitcoin miner by self-mining hashrate to hold no BTC on its balance sheet.

Article Summaries:

• Bitdeer, the world’s largest publicly traded bitcoin miner by self‑mining hashrate, has liquidated its remaining 943 BTC, leaving its balance sheet with zero bitcoin holdings. The move marks the first time a miner of Bitdeer’s scale has completely divested its on‑hand crypto. The liquidation was executed through a series of sales, reducing the company’s treasury to zero and potentially altering its risk profile and cash‑flow dynamics. Bitdeer’s decision underscores a shift in how large mining firms manage on‑hand assets amid market volatility.

Sources:

• https://www.theblock.co/post/390719/bitdeers-bitcoin-treasury-drops-to-zero-after-miner-liquidates-remaining-943-btc?utm_source=rss&utm_medium=rss