Bitcoin Magazine
Bitdeer (BTDR) Dumps Bitcoin Treasury After Eight-Week Drawdown, Holds Zero BTC
Bitdeer Technologies has fully liquidated its corporate bitcoin treasury, reporting zero BTC held as of Feb. 20 and completing an eight-week drawdown from roughly 2,000 BTC at 2025 year-end.
In its latest weekly production update, the Singapore-based miner disclosed that it produced 189.8 BTC during the period and sold the entire amount. It also offloaded its remaining 943.1 BTC in reserves in a single week, wiping out its balance sheet holdings. The figures exclude customer deposits.
The move marks a sharp break from the traditional public miner strategy of accumulating bitcoin as a treasury asset. With the liquidation, Bitdeer becomes the largest publicly traded miner by self-mining hashrate to hold no bitcoin on its balance sheet.
The selloff caps a steady reduction in holdings that accelerated this month. Bitdeer held about 1,530 BTC at the end of January before cutting t
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