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.

BTC-3.9%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)