Amidst the ongoing cryptocurrency market turmoil, cloud mining platform Bitdeer (NASDAQ: BTDR) made a radical decision to sell all of its remaining Bitcoin (BTC), effectively reducing its treasury to zero.
In total, the company sold its remaining 943.1 BTC reserves and the 189.8 BTC it had produced during its most recent week of operations.
The firm, however, clarified the sale did not affect user holdings and, in an X post made in the early morning of February 23, emphasized the move ‘should not be a concern for the broader market.’
Our decision to sell Bitcoin should not be a concern for the broader market. We are currently evaluating multiple non-binding powered land acquisition opportunities, and we believe it is prudent to prepare liquidity now. Our hash rate will continue to grow, and we will continue…
— Bitdeer (@BitdeerOfficial) February 23, 2026
Why did Bitdeer dump all of its BTC
Within the February 23 X post, Bitdeer explained the total Bitcoin sa
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