Bitdeer Applied sciences Group emptied its Bitcoin vault, promoting all cash on its books and decreasing its company steadiness to zero.
The transfer follows weeks of regular disposals and comes as the corporate seeks contemporary capital to fund growth plans past pure mining.
Bitdeer sells total Bitcoin holdings
Primarily based on the report, the corporate has offloaded each newly mined tokens and long-term reserves till February 2026. Roughly 189.8 BTC from latest manufacturing was offered, and roughly 943.1 BTC beforehand held on the steadiness sheet was offered.
By the point the transaction was settled, there have been no cryptocurrencies left beneath the corporate’s management. The drawdown accelerated after BitDeer introduced plans to lift greater than $300 million by convertible debt, in keeping with experiences.
bit deer #BTC weekly updates
🔹Variety of BTC held: 0 (internet holdings excluding buyer deposits)
🔹 BTC output: 189.8 BTC
🔹 Gross sales BTC: 189.8 BTC
🔹Internet BTC added: -943.1 BTC
📅 Information as of February 20, 2026.#bitcoin #BTC #Bitcoin Holdings #Bitcoin group #BTCMining $BTDR pic.twitter.com/vtvBVEui0Q— Bitdeer (@BitdeerOfficial) February 21, 2026
The inventory market reacted rapidly. After the disclosure, the inventory worth fell about 15%, reflecting issues about dilution and elevated debt. Miners usually promote a few of their manufacturing to cowl working prices, however reserves are hardly ever absolutely disposed of. This distinction has led to a rising debate amongst traders about what this determination suggests.
Bitcoin worth fluctuation
The value background of Bitcoin itself is by no means calm. Though unstable, Alphacoin has been steady round key macro headlines, sustaining a spread across the mid-$67,000s to low-$60,000s in latest classes.
BTC briefly peaked above $68,000, however rebounded with revenue taking after rising geopolitical tensions between the US and Iran led to elevated flows into safe-haven property and elevated volatility in dangerous property. Merchants stay cautious. Volatility is tied to the temper of geopolitical dangers and conventional market actions.
On the similar time, the US Supreme Court docket’s ruling invalidating components of US President Donald Trump’s tariff framework triggered a modest rebound throughout danger property, together with Bitcoin.
The income did not final lengthy. BTC rallied after the SC ruling, however subsequently got here beneath promoting strain because the market weighed the affect and President Trump signaled new tariff choices.
The general sample exhibits buying and selling in a spread, with macro headlines fairly than a powerful breakout guiding the short-term path.
Why the corporate selected to lift money
In response to experiences, Bitdeer plans to make use of the brand new funding for knowledge heart growth, AI-related companies, and in-house ASIC improvement. Administration appears to worth liquidity over holding based mostly on worth fluctuations.
Some analysts argue it is a pragmatic response to a tightening mining financial system, the place revenue margins are squeezed by energy prices and tools upgrades.
Some see the whole sale as a daring shift from the “wait and wait” mannequin employed by sure rivals.
Whereas the corporate has not indicated that it’s going to completely exit its Bitcoin holdings sooner or later, there are presently no property left on its steadiness sheet that it generates.
Featured picture from Unsplash, chart from TradingView
