Bitdeer reduces BTC holdings to zero as Bitcoin falls to $65,000

Crypto mining company Bitdeer Technologies Group has cut its pure Bitcoin holdings to zero after selling off its entire weekly production, as Bitcoin fell to around $65,000 under renewed market pressure.

In a weekly update posted on The company reported BTC production of 189.8 BTC for the week and confirmed that it sold the same amount – 189.8 BTC – resulting in no additions to the balance sheet.

The update also showed ‘Net BTC added: -943.1 BTC’, which reflects the cumulative net outflow over the reporting period. Bitdeer’s latest revelation signals a complete liquidation of its own holdings at a time when miners are dealing with tighter margins and increased volatility.

Meanwhile, Bitcoin (BTC) was trading around $65,000 on February 20, marking a notable decline from recent highs. The price weakness has put additional pressure on mining companies, whose profitability depends heavily on the market value of BTC relative to operational costs such as electricity and hardware.

Bitdeer’s decision to sell all of its weekly production signals a shift to a more defensive treasury strategy, prioritizing liquidity over long-term accumulation. During previous bull cycles, several publicly traded miners chose to hold some of the mined BTC in anticipation of further upside.

However, long-term price consolidation and increasing network problems have changed that calculation for some operators.

The company has not provided additional comment on whether it plans to resume Bitcoin accumulation if prices recover. For now, Bitdeer joins a growing list of miners choosing to transition production to the market, signaling the pressure the sector is facing as Bitcoin hovers at multi-month lows.