Bitdeer Sells Entire Bitcoin Stash as Mining Profits Near Record Lows
Singapore-based Bitcoin miner Bitdeer has liquidated its entire BTC treasury, abandoning the industry’s standard holding strategy. This drastic move comes as plunging mining profitability forces the company to restructure its debt and accelerate its AI pivot. Why did this Bitcoin Miner dump its Holdings? On February 20, the crypto mining company disclosed it held zero Bitcoin, completely draining its reserves. Notably, this excludes its customer deposits
BTC
Disclaimer: This content is provided via CryptoPanic and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.