Wu Jihan's Liquidation Move: BitDeer’s Cash Flow Priority Strategy Under Pressure

As a well-known mining entrepreneur, Wu Jihan’s U.S.-listed mining company, Bit Deer, recently made a notable decision—selling all of its Bitcoin holdings and zeroing out its position. This move reflects a significant shift in Wu Jihan’s business philosophy. Currently, Bitcoin is fluctuating around $67,800, making this liquidation a strategic consideration.

From Crisis to Decision-Making Evolution

Bitmain has faced multiple near-bankruptcies in the past, from organizational turmoil and increased market competition to financing difficulties. Wu Jihan personally experienced the harsh realities of the high-risk mining industry. These critical moments of near-collapse deepened his understanding of the absolute importance of cash flow for business survival. Compared to his previous long-term holding expectations for Bitcoin, Wu Jihan now prioritizes financial security and liquidity above all.

From Holder to Risk Manager

As a publicly traded company in the U.S., Bit Deer needs to demonstrate financial stability to investors and the market. Holding large amounts of Bitcoin exposes the company to price volatility risk, while a one-time liquidation converts this risk into tangible cash assets. In an environment of industry uncertainty, maintaining sufficient cash reserves allows the company to better sustain operations during market downturns and even seize opportunities to acquire competitors.

Not a Permanent Goodbye

It is worth noting that Wu Jihan himself explains this decision as rational and open-minded. He emphasizes that holding zero Bitcoin does not mean he will never participate again in the future. This is simply a strategic choice based on current cash flow security considerations. In other words, if market conditions improve and the company’s cash flow pressures ease, he does not rule out rebuilding a position. This statement reflects a flexible asset allocation approach and hints at recognition of Bitcoin’s long-term value.

The lessons learned during those years of near-bankruptcy have ultimately translated into a more cautious business philosophy today. Bit Deer’s decision to liquidate is Wu Jihan’s practical demonstration of the core principle: “Survive first, develop second.”