
The Nasdaq-listed Bitcoin miner said it has followed a zero-BTC treasury strategy since February, selling all newly mined Bitcoin and holding none on its balance sheet.
Bitdeer, a Nasdaq-listed Bitcoin miner, said it produced 271.3 BTC in the week ended July 31 and sold the full amount during the period. The company said it has maintained a zero-BTC treasury strategy since February, under which it sells all Bitcoin it mines rather than retaining the tokens on its balance sheet. Bitdeer reduced its Bitcoin holdings to zero as of Feb. 20 and has since immediately converted newly mined BTC into cash.