#BitdeerLiquidates943.1BTCReserves

#BitdeerLiquidates943.1BTCReserves
Bitdeer Liquidates 943.1 BTC Reserves
Bitdeer Technologies Group (Nasdaq: BTDR), one of the world’s leading Bitcoin mining and emerging AI infrastructure companies headquartered in Singapore, has completely liquidated its corporate Bitcoin treasury. As of February 20, 2026, the company’s self-owned BTC holdings (excluding customer deposits) stand at zero. This included the final sale of 943.1 BTC from its reserves in a single week, as disclosed in their official weekly production update.

Below is a detailed, point-by-point breakdown in clear English:
What Exactly Happened?
During the week ending February 20, 2026:
Bitdeer mined 189.8 BTC (newly produced coins from its mining operations).
The company sold all 189.8 BTC that it mined that week.
In addition, it liquidated 943.1 BTC directly from its existing corporate reserve holdings.
Total Bitcoin sold that week: 1,132.9 BTC (mined + reserves).
Outcome: Bitdeer’s corporate “pure holdings” of Bitcoin are now 0 BTC.
Timeline of the Treasury Drawdown
This was not a sudden decision — it unfolded gradually over approximately eight weeks:
End of 2025: Bitdeer held roughly 2,000 BTC in reserves.

End of January 2026: Holdings reduced to approximately 1,530 BTC.
February 13, 2026: Reserves further decreased to 943.1 BTC.
February 20, 2026: Final liquidation completed, bringing self-owned BTC to 0 BTC.
The company had been consistently selling both newly mined BTC and portions of its reserves during this period.
Why Did Bitdeer Liquidate Its Bitcoin Reserves? (Official Reasons)
According to Bitdeer’s statements:
To build immediate liquidity (cash reserves) for strategic initiatives, including evaluating and potentially acquiring powered land (pre-equipped sites with reliable electricity for mining and data centers).

To fund aggressive expansion in datacenters, High-Performance Computing (HPC), AI cloud services, and next-generation ASIC mining rig development.

This reflects a broader industry shift: Bitcoin mining margins have tightened significantly due to higher energy costs, the lingering effects of the 2024 halving, increased network difficulty, and Bitcoin price consolidation below previous highs. Many miners are diversifying into AI and HPC infrastructure for better long-term profitability.

Bitdeer also raised $300–325 million through convertible senior notes (maturing 2032) and other financing rounds. The BTC sales provided an additional $60–80 million in immediate cash (based on sale prices estimated around $64,000–$70,000 per BTC).

Bitdeer’s Official Response to Market and Investor Concerns
Bitdeer leadership, including CEO Jihan Wu, addressed the move directly:
“This should not be a concern for the broader market.”
Holding zero BTC at present is a temporary, cash-focused strategy — not a permanent abandonment of Bitcoin.

The company continues active mining operations and plans to increase its hashrate (mining capacity) while directing mined BTC toward operational cash flow rather than long-term holding.

Broader Market and Industry Context
The liquidation occurred amid ongoing mining margin pressure (rising electricity costs, post-halving economics, and elevated network difficulty).

Other public miners (e.g., Riot Platforms) have also sold significant BTC amounts, but Bitdeer’s decision to go fully to zero was more decisive.
This is part of a clear industry trend: Bitcoin mining companies are increasingly pivoting toward AI and HPC infrastructure to diversify revenue streams beyond pure BTC mining rewards.

Across public miners, total Bitcoin holdings declined by approximately 4.44% month-over-month, falling to roughly 115,335 BTC (valued at around $7.4 billion at the time).
Importantly, there has been no widespread panic — the market views this as prudent treasury and capital allocation management rather than a distress signal.

Impact on Current Bitcoin Price
As of February 27, 2026
Bitcoin is trading in the $67,000 – $68,000 range (recent closes around $67,300–$67,900, with minor daily fluctuations of -0.5% to -1.3%).
The sale of ~1,133 BTC was absorbed by the market without causing any significant or lasting price drop. Daily BTC trading volume is in the billions, making this amount negligible in context.

Short-term dip (~3% to below $65,000) was observed around the announcement, but it was driven more by broader macro factors and general miner selling pressure than by Bitdeer alone.
Price has since stabilized and remains in a healthy consolidation zone — no crash or volatility spike directly attributable to this event.
Final Key Takeaway
The liquidation of 943.1 BTC from reserves was the culminating step in Bitdeer’s full corporate treasury drawdown. Far from being a sign of financial trouble, it represents a deliberate strategic pivot: converting BTC into cash and combining it with new debt/equity financing to fuel aggressive growth in AI cloud services, HPC, datacenter expansion, and advanced mining technology.
Bitdeer remains one of the largest miners by hashrate and is positioning itself at the intersection of cryptocurrency and artificial intelligence infrastructure — a hybrid model many believe offers stronger long-term resilience in the evolving 2026 crypto and tech landscape.