Bitdeer Technologies has completely liquidated its Bitcoin treasury, reporting a zero BTC balance as of February 20, following the sale of its remaining 943 BTC. This significant drawdown culminated after the company produced and sold 189.8 BTC in the same week, reflecting a trend of aggressive selling that began after Bitdeer ended 2025 with nearly 2,000 BTC. The liquidation coincides with ongoing capital raises, including a $325 million convertible notes offering, intended for data center expansion and AI initiatives. Moreover, Bitdeer’s move sets it apart from other publicly traded mining companies, as most continue to hold substantial bitcoin reserves despite challenging mining economics marked by rising network difficulty and declining hash prices.
Bitdeer Technologies depletes bitcoin treasury to zero after liquidating 943 BTC
