Keel Infrastructure Liquidates BTC Reserves, Cashes Out $192 Million in Q3 and
Capital Flows
Odaily
Odaily reports: Keel Infrastructure, formerly known as Bitfarms, sold 2,520 BTC in the third quarter, cashing out approximately $192 million and effectively emptying its Bitcoin reserves. The company said that as its business strategy shifts toward AI data center infrastructure, it plans to sell Bitcoin mined daily going forward rather than holding it as a long-term reserve asset.
AI Insights
Keel Infrastructure (formerly Bitfarms) sold its 2,520 BTC reserves for ~$192M and will now sell daily-mined BTC instead of holding, meaning its treasury demand as a long-term BTC buyer disappears and creates ongoing sell-side supply. As more public miners shift away from BTC accumulation, spot selling pressure builds, so BTC is short-term bearish (medium).
AI generated informational use. Not financial advice.