Bitdeer Says It Sold All 198.3 Bitcoin Mined in Week Ending May 15

According to Bitdeer’s post on X (social media platform), the Nasdaq-listed Bitcoin miner reported zero net Bitcoin additions and said its Bitcoin holdings remained at zero.

BTC

Summary

Bitdeer said it sold all 198.3 Bitcoin mined during the week ending May 15, resulting in zero net Bitcoin additions for the period. In a post on X (social media platform), the Nasdaq-listed company also stated that its Bitcoin holdings remained at zero. For Bitcoin miners, net additions refer to how much mined Bitcoin is retained after sales, making the disclosure a direct indication that Bitdeer did not keep any of the Bitcoin it produced that week.

Terms & Concepts
  • Bitcoin mining: The process of using computing power to validate blockchain transactions and earn newly issued Bitcoin rewards.
  • Net Bitcoin additions: The amount of Bitcoin a miner retains after subtracting any Bitcoin sold during a reporting period.
  • Bitcoin holdings: The total amount of Bitcoin a company keeps on its balance sheet rather than selling into the market.