Bitdeer Mines and Sells 189.8 BTC in Weekly Operations
Bitdeer completely liquidated its Bitcoin reserves by February 20, selling all mined BTC and contributing to a substantial weekly net outflow in its operations.
BTC
Fact Check
Multiple authoritative and relevant primary sources consistently confirm that Bitdeer produced 189.8 BTC during a given week and sold all of it. Phemex News provides direct confirmation, stating the mining and sale of exactly 189.8 BTC and unchanged holdings of 943.1 BTC, which strongly supports the claim. Independent cryptocurrency news outlets with high credibility, such as The Block and MEXC News, corroborate this data, repeating the same figures without contradiction. KuCoin Trends also notes this mining and sales figure, indicating market commentary but aligning with the factual operational metrics. No sources reviewed dispute the statement or suggest alternative figures; the reporting is consistent across multiple independent outlets. Given the convergence of high-authority sources and the absence of conflicting information, the probability of truth is very high.
Summary
Bitdeer reported zero self-owned Bitcoin holdings as of February 20, 2025. The company mined 189.8 BTC and sold the same amount during the week, with a total net outflow of 943.1 BTC. This represents a significant move toward full liquidation of reserves, diverging from its previous practice of holding mined Bitcoin as part of its asset strategy.
Terms & Concepts
- BTC: Abbreviation for Bitcoin, a decentralized digital currency secured by cryptography and blockchain technology.
- Crypto mining: The process of validating blockchain transactions and creating new cryptocurrency units using computational power.
- Net holdings: The total amount of an asset retained after accounting for purchases, sales, and other changes.