{"id":73582,"date":"2026-02-23T15:01:37","date_gmt":"2026-02-23T15:01:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=73582"},"modified":"2026-02-23T15:01:37","modified_gmt":"2026-02-23T15:01:37","slug":"bitdeer-says-bitcoin-liquidation-not-a-concern-for-broader-market","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=73582","title":{"rendered":"Bitdeer Says Bitcoin Liquidation \u201cNot A Concern\u201d For Broader Market"},"content":{"rendered":"
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Bitcoin miner Bitdeer has defended its decision to liquidate its Bitcoin holdings, saying it shouldn\u2019t be a concern for the broader market.<\/p>\n

Bitdeer\u2019s Bitcoin Holdings Have Hit Zero<\/h2>\n

On Saturday, Bitdeer shared its weekly Bitcoin update in an X post<\/a>, revealing that the company sold all of its mining output for the week. In total, the firm mined 189.8 BTC during the window, but due to the sale, its net holdings hit zero.<\/p>\n

Based in Singapore, Bitdeer is a BTC mining platform that operates facilities in the US, Norway, and Bhutan, among other countries. According to BitcoinMiningStock<\/a>, the firm\u2019s active computing power or \u201cHashrate<\/a>\u201d is currently the largest out of all public miners, sitting at 63.2 exhashes per second (EH\/s).<\/p>\n

\"Bitcoin<\/p>\n

While Bitdeer is an established name in the space, it appears to be undergoing a change of strategy. Earlier, the firm would choose to sit on part of or all of its weekly BTC output, but the recent selling to a zero treasury balance reflects a shift.<\/p>\n

Bitdeer took to X on Monday to talk<\/a> about its BTC liquidation. \u201cOur decision to sell Bitcoin should not be a concern for the broader market,\u201d said the company. Bitdeer noted that it\u2019s currently evaluating land acquisition opportunities and believes it to be prudent to prepare liquidity now.<\/p>\n

The BTC miner has been expanding into AI infrastructure recently with its \u201cBitdeer AI\u201d venture, so it\u2019s possible that the land acquisition is linked to the firm\u2019s datacenter push.<\/p>\n

Bitdeer isn\u2019t the only mining company that has been expanding into AI. Cango<\/a>, the fifth largest miner in terms of operating Hashrate, announced a 4,451 BTC sale earlier in February as it looked to pivot into the AI compute business.\u00a0Similarly, Bitfarms, the tenth largest BTC mining firm, also\u00a0revealed<\/a> a strategy shift in November, noting that a high-performance computing (HPC) business pivot could make the company more profitable than Bitcoin mining ever was.<\/p>\n

Bitfarms plans to wind down its mining facilities over the course of 2026 and 2027, while Cango has so far remained committed to its mining business. Bitdeer also doesn\u2019t appear to be backing off from BTC mining, as it said, \u201cOur hash rate will continue to grow, and we will continue to mine more Bitcoin for the interest of our shareholders.\u201d<\/p>\n

BTC Plunges To Low $64,000 Levels Before Bouncing Back<\/h2>\n

Bitcoin has kicked off the new week with some volatility as its price first fell to around $64,300 for the first time since February 5th, before rebounding back up to the $66,100 mark.<\/p>\n

The chart below showcases the latest price action in the cryptocurrency.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin miner Bitdeer has defended its decision to liquidate its Bitcoin holdings, saying it shouldn\u2019t be a concern for the broader market. Bitdeer\u2019s Bitcoin Holdings Have Hit Zero On Saturday, Bitdeer shared its weekly Bitcoin update in an X post, revealing that the company sold all of its mining output for the week. In total, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-73582","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/73582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73582"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/73582\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}