Bitdeer, a Nasdaq-listed Bitcoin mining company, mined 265.6 BTC during the week through Aug. 21 and sold the entire amount. The company has maintained a zero-BTC treasury strategy since February, converting newly mined Bitcoin into cash immediately after production. Bitdeer reduced its holdings to zero on Feb. 20, and its policy prioritizes liquidity and operational funding over retaining Bitcoin as a treasury reserve. The approach limits exposure to price swings and illustrates how some miners are emphasizing cash flow amid market volatility.