Bitdeer Empties Bitcoin Treasury After Selling Final 943 BTC

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Bitdeer Technologies has reduced its corporate Bitcoin holdings to zero after liquidating its remaining 943 BTC, according to a weekly production update published on X on Saturday. The disclosure marks a decisive shift in treasury strategy for the Nasdaq-listed miner.

The company, which trades under the ticker BTDR, reported producing 189.8 BTC during the week and selling the same amount. In addition, it offloaded its entire remaining reserve of 943.1 BTC. The reported figures exclude customer deposits and reflect only corporate holdings.

The move concludes a steady drawdown that intensified in recent weeks. Bitdeer held approximately 2,000 BTC at the end of the year and around 1,530 BTC by the end of January. That figure fell to 943.1 BTC as of February 13. In its February 13 update, the company disclosed that it had mined 183.4 BTC and sold 179.9 BTC, roughly matching production levels. The most recent week’s selloff, however, eliminated the company’s entire remaining balance, signaling a sharp acceleration in divestment.

The liquidation comes shortly after Bitdeer unveiled a $325 million convertible notes offering and a $43.5 million equity placement. The capital raises are intended to support data center expansion and advance the firm’s strategic pivot toward artificial intelligence infrastructure.