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#USIsraelStrikesIranBTCPlunges Singapore-based Bitcoin miner Bitdeer has sold all of its Bitcoin reserves, abandoning the industry’s common hold strategy. According to a report by Yahoo Finance, the company announced in an update published on February 20, 2026, that it has zero Bitcoin remaining in its treasury, excluding customer deposits. The move coincides with a period of declining mining profitability approaching historic lows, along with a shift in debt structure and a faster pivot toward artificial intelligence.
Mining Profit Eroded: Treasury Empty
Bitdeer reported that it sold all 189.8 Bitcoin it recently produced, resulting in a net decrease of 943.1 Bitcoin. Although the sell-off appears severe on paper, it reflects miners’ desire to take a breather as production costs rise. The company’s emptying of its treasury has strengthened the narrative that “miners are no longer waiting” in the crypto market.
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