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Bitdeer Sells All 254 BTC Mined... What's Behind the 'Zero' Holdings Strategy?

Bitdeer (NASDAQ-listed), a Bitcoin mining company, has liquidated all the Bitcoin (BTC) it mined this week, bringing its self-held holdings to '0 BTC.' Bitdeer

Wooil Shim
Staff Reporter
3 min read
Bitdeer Sells All 254 BTC Mined... What's Behind the 'Zero' Holdings Strategy?
CBC News

Bitdeer (NASDAQ-listed), a Bitcoin mining company, has liquidated all the Bitcoin (BTC) it mined this week, bringing its self-held holdings to '0 BTC.' Bitdeer reported mining a total of 253.9 BTC this week and selling 100% of the amount mined during the same period into the market. As a result, the company currently does not directly hold any Bitcoin.

Generally, Bitcoin mining companies choose to hold their mined coins for the long term or sell only a portion. However, Bitdeer is drawing attention as it continues the trend of converting all of its recent mined output into cash.

The market is focusing on the possibility that this strategy is a choice made in consideration of securing operating funds, improving investment efficiency, and managing market volatility risks. However, the company has not disclosed any separate market outlook or additional investment plans regarding this sale.

Meanwhile, the scale of Bitcoin holdings by mining companies is cited as a key factor influencing market sentiment. In particular, whether large-scale mining companies continue to sell is expected to draw high interest from investors on the supply side of the future Bitcoin market.

[This article was written with the assistance of AI. This article is not an investment recommendation, and any losses resulting from virtual asset investments may be borne by the investor.]

Wooil Shim
Staff Reporter

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