Bitdeer Mined and Sold 201.6 Bitcoin, Keeping Treasury at Zero

According to the company’s update on X, the Nasdaq-listed Bitcoin miner recorded no net Bitcoin additions for the week ending May 22 and continued to hold no Bitcoin on its balance sheet.

BTC

Summary

Bitdeer reported that it mined 201.6 Bitcoin in the week ending May 22 and sold the full 201.6 Bitcoin amount during the same period. As a result, the Nasdaq-listed company posted net additions of 0 Bitcoin and maintained zero Bitcoin holdings, according to its update on X. For Bitcoin miners, weekly production reflects mining output, while sales and treasury balances show how much of that output is retained rather than converted into cash.

Terms & Concepts
  • Bitcoin mining: The process of using computing power to validate blockchain transactions and earn newly issued Bitcoin rewards.
  • Bitcoin treasury: A company’s Bitcoin holdings kept on its balance sheet rather than sold immediately into the market.
  • Net additions: The change in Bitcoin holdings after accounting for coins mined, sold, or otherwise transferred during a reporting period.