Bitdeer sells all of its Bitcoin holdings…self-managed hashrate ranks No. 1 in the industry
Summary
- Bitdeer said it sold all of its Bitcoin holdings, bringing its current balance to '0'.
- Bitdeer said its self-managed Bitcoin hashrate surpassed Mara Holdings, making it the highest among listed mining companies.
- Bitdeer said the decision to liquidate its entire position is seen as a strategic shift that prioritizes financial stability and funding for operational investment.
Forecast Trend Report by Period
Bitcoin (BTC) mining firm Bitdeer (Bitdeer) said it has sold all of its Bitcoin holdings, bringing its current balance to '0'.
On the 21st (local time), Bitdeer said via X that it had sold all of the Bitcoin it held and that it no longer has any Bitcoin holdings on its balance sheet. The specific timing of the sale and the average selling price were not disclosed.
Meanwhile, Bitdeer’s self-managed Bitcoin hashrate has surpassed Mara Holdings (Mara). As a result, Bitdeer has become the listed mining company with the highest self-managed hashrate.
This is seen as a strategic shift toward expanding mining infrastructure and improving operational efficiency rather than simply holding assets. Recently, amid price volatility and post-halving profitability pressure, the mining industry has continued to diverge between a holding strategy (HODL) and a monetization strategy. Bitdeer’s decision to liquidate its entire position is interpreted as prioritizing financial stability and funding for operational investment.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
