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Bitdeer’s Bitcoin Holdings Decline to 1,900.9 BTC After Weekly Sales

Bitdeer, the Nasdaq-listed crypto mining firm, reports a decline of 99.1 BTC in its holdings after producing and selling nearly identical amounts of Bitcoin during the week ending January 9.

BTC

Summary

Bitdeer, a Nasdaq-listed crypto mining company, reported a decrease in its Bitcoin holdings to 1,900.9 BTC as of January 9. The firm produced 137.7 BTC during the week but sold 137.9 BTC, leading to a net drop of approximately 99.1 BTC in its overall holdings.

Terms & Concepts
  • Crypto mining: The process of verifying and adding transactions to a blockchain using computational power, earning rewards in cryptocurrency.
  • BTC (Bitcoin): The first and most widely used cryptocurrency, serving as a digital store of value.
  • Nasdaq-listed: Refers to a company publicly traded on the Nasdaq stock exchange in the United States.