Bitdeer Technologies Group has reported zero Bitcoin (BTC) holdings as of February 20, 2026, having sold all its mined Bitcoin and its remaining reserves. This liquidation follows an eight-week drawdown which coincided with a $300 million convertible note offering and direct equity sale. The company is redirecting capital towards proprietary ASIC chip development and AI data center infrastructure, leading to a significant shift from its previous Bitcoin treasury accumulation strategy.
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Bitdeer Hits Zero Bitcoin Holdings - Sold Every Coin It Mined While Raising $300M In Debt
Bitdeer Technologies Group has reported zero Bitcoin (BTC) holdings as of February 20, 2026, having sold all its mined Bitcoin and its remaining reserves. This liquidation follows an eight-week drawdown which coincided with a $300 million convertible note offering and direct equity sale. The company is redirecting capital towards proprietary ASIC chip development and AI data center infrastructure, leading to a significant shift from its previous Bitcoin treasury accumulation strategy.