Bitcoin miner Bitdeer has defended its decision to liquidate its Bitcoin holdings, saying it shouldn’t be a concern for the broader market.
Bitdeer’s Bitcoin Holdings Have Hit Zero
While Bitdeer is an established name in the space, it appears to be undergoing a change of strategy. Earlier, the firm would choose to sit on part of or all of its weekly BTC output, but the recent selling to a zero treasury balance reflects a shift.
The BTC miner has been expanding into AI infrastructure recently with its “Bitdeer AI” venture, so it’s possible that the land acquisition is linked to the firm’s datacenter push.
Bitfarms plans to wind down its mining facilities over the course of 2026 and 2027, while Cango has so far remained committed to its mining business. Bitdeer also doesn’t appear to be backing off from BTC mining, as it said, “Our hash rate will continue to grow, and we will continue to mine more Bitcoin for the interest of our shareholders.”
BTC Plunges To Low $64,000 Levels Before Bouncing BackBitcoin has kicked off the new week with some volatility as its price first fell to around $64,300 for the first time since February 5th, before rebounding back up to the $66,100 mark.
The chart below showcases the latest price action in the cryptocurrency.
