
The Nasdaq-listed Bitcoin miner has kept a zero-BTC treasury strategy since February, selling all mined Bitcoin and holding none on its balance sheet.
Bitdeer, a Nasdaq-listed Bitcoin miner, said it produced 274.6 BTC in the week ending July 24 and sold the full amount. The company said it has maintained a zero-BTC treasury strategy since February, after reducing its Bitcoin holdings to zero as of Feb. 20 and immediately converting newly mined Bitcoin into cash. The weekly update shows Bitdeer is continuing to match mining output with sales rather than rebuilding Bitcoin reserves.