Bitdeer Applied sciences Group has emptied its Bitcoin treasury, promoting each coin on its books and bringing its company stability to zero.
The transfer follows weeks of regular disposals and comes as the corporate pursues recent capital to fund enlargement plans exterior pure mining.
Bitdeer Sells Whole Bitcoin Holding
Based mostly on stories, the corporate offloaded each newly mined tokens and long-held reserves by February 2026. Round 189.8 BTC from current output had been offered, together with roughly 943.1 BTC beforehand stored on the stability sheet.
By the point the transactions had been settled, no crypto remained in company custody. Experiences say this drawdown gathered tempo after Bitdeer unveiled plans to boost greater than $300 million by convertible notes.
Bitdeer #BTC Weekly Replace
🔹 BTC Holdings: 0 (pure holdings, excluding buyer deposits)🔹 BTC Output: 189.8 BTC🔹 BTC Offered: 189.8 BTC🔹 Web BTC Added: -943.1 BTC📅 Information as of February 20, 2026.#Bitcoin #BTC #BitcoinHoldings #BitcoinCommunity #BTCMining $BTDR pic.twitter.com/vtvBVEui0Q
— Bitdeer (@BitdeerOfficial) February 21, 2026
The inventory market responded rapidly. Shares slid about 15% after the disclosures, reflecting concern over dilution and rising debt obligations. Whereas miners typically promote a part of their manufacturing to cowl working prices, a full liquidation of reserves is uncommon. That distinction has fueled debate amongst buyers about what the choice alerts.
Bitcoin Value Motion
Bitcoin’s personal value backdrop has been something however calm. The alpha coin has been uneven however regular round key macro headlines, holding a variety close to the mid-$67,000s to high-$60,000s in current classes.
After heightened geopolitical pressure between the US and Iran stirred safe-haven flows and wider swings in danger property, BTC briefly climbed above $68,000 earlier than profit-taking pulled it again. Merchants stay cautious. Volatility has been tied to geopolitical danger temper and actions in conventional markets.
On the identical time, the US Supreme Court docket’s ruling that struck down elements of US President Donald Trump’s tariff framework triggered a modest bounce throughout danger property, together with Bitcoin.
Good points didn’t final lengthy. BTC ticked up after the SC ruling however later met promoting stress as markets weighed the impression and Trump signaled new tariff choices.
The general sample factors to range-bound buying and selling, with macro headlines guiding short-term route somewhat than a powerful breakout.
Why The Firm Selected To Increase Money
Experiences be aware that Bitdeer plans to channel the brand new funds into enlargement of information facilities, AI-related providers, and in-house ASIC growth. Administration seems to favor liquidity over holding by value swings.
Some analysts argue this can be a sensible response to tighter mining economics, the place energy prices and gear upgrades pressure margins.
Others view the whole sale as a daring pivot away from the “maintain and wait” mannequin embraced by sure rivals.
The corporate has not signaled a everlasting exit from holding Bitcoin sooner or later, however for now, its stability sheet stands empty of the asset it produces.
Featured picture from Unsplash, chart from TradingView
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