#BitdeerLiquidates943.1BTCReserves

Yes, Bitdeer’s Sale of 943.1 BTC – Full Detailed Breakdown & Real Impact on BTC Market (Feb 24, 2026)

Current Price: ~$63,100 – $64,200 USD (trading near $63,500–$64,000 in most trackers right now).
24-Hour Change: -3.2% to -4.5% (clear red day, down from ~$67k–$68k levels earlier this week).
7-Day Trend: Down ~7–10% this week (from ~$67,600 weekly close to current lows).
Recent Context: Bitcoin is roughly 50% below its all-time high of ~$126,000 (Oct 2025). This is a tough bearish stretch.
Market Cap: ~$1.26 – $1.27 trillion USD.
24-Hour Trading Volume: $33B – $45B USD (very healthy liquidity, plenty of buyers and sellers absorbing moves).
These numbers show ongoing selling pressure across the market (macro fears, profit-taking, miner sales), but daily volume is still massive — meaning the market can easily absorb even large single transactions.
1. The Exact News (Point 1)
“Bitdeer, a crypto mining and services company, has sold or converted 943.1 BTC from its reserves.”
This is 100% confirmed. On February 20–21, 2026, Bitdeer (NASDAQ: BTDR) liquidated its entire remaining corporate Bitcoin treasury. They sold the final 943.1 BTC from reserves + the 189.8 BTC they mined that week, bringing their self-owned (“pure”) BTC holdings to exactly 0 BTC (excluding customer deposits).
2. What Actually Happened – Why They Did It (Point 2 – Full Details)
Bitdeer didn’t just “dump” randomly. This was a deliberate strategic move:
They had ~2,000 BTC at end of 2025.
Dropped to 1,530 BTC by end-January 2026.
Down to 943.1 BTC by Feb 13.
Fully cleared in the week of Feb 20.
Reason? Liquidity + pivot to AI & growth.
Bitdeer needs cash right now for:
Buying new “powered land” for data centers.
Expanding high-performance computing (HPC) and AI cloud services.
Covering mining operations while margins are at all-time lows (gross profit margin fell to just 4.7% in Q4 2025).
The company has also raised fresh capital — $325 million convertible senior notes offering (closing around Feb 24–25). Chairman & CEO Jihan Wu and the official account both posted:
“Our decision to sell Bitcoin should not be a concern for the broader market. Our hash rate will continue to grow…”
They are converting BTC (a volatile asset) into cash to build the business for the long term — classic miner playbook when Bitcoin price + mining difficulty make holding expensive.
3. On-Chain Movement & Why It Matters (Point 3 – Full Details)
Yes, this was a very visible on-chain transaction. Over 1,132 BTC total moved and sold in one week (943.1 reserves + 189.8 mined).
Trackers like Arkham, Nansen, and Bitbo flagged it immediately.
It shows up as large transfers from Bitdeer’s known wallets to exchanges (likely OTC desks to avoid slippage).
Does this create selling pressure? Technically yes — it adds ~$60–$72 million worth of BTC supply to the market (at ~$63k–$65k price).
But here’s the reality check:
Bitcoin’s average daily trading volume is $35–45 billion. This sale = less than 0.2% of one day’s volume.
Miners sell every single week to pay electricity bills. Bitdeer alone produces 180–200 BTC weekly — they always sell most of it.
Total Bitcoin mined per day across the entire network is ~900 BTC. One company clearing reserves is normal in a low-margin environment.
Will This Affect the BTC Market? My Full Honest Analysis
Short answer: No meaningful negative impact on price or sentiment in the bigger picture.
Why almost zero effect:
Size is tiny compared to daily liquidity. The market swallowed it within hours.
No panic — Bitdeer publicly explained it and reassured everyone. No FUD spiral.
Broader market is already in a correction (down 50% from ATH). This is a symptom of the bear phase (tight mining margins), not the cause.
Positive signal long-term: Bitdeer is growing hash rate and moving into AI/data centers — exactly what forward-looking miners are doing (see also Core Scientific, Hut 8, etc.).
Possible tiny short-term effects (24–48 hours):
Slight extra selling pressure on the day it hit the wires (Feb 21–22).
Some retail traders saw the headline and sold → added to the red candle.
But whales and institutions bought the dip — volume spiked but price stabilized quickly.
Bottom Line – The Real Signal
This is not a red flag for Bitcoin. It’s a mining company acting smart in a tough environment: turning BTC into cash to fuel growth instead of holding through low margins.
Bitdeer’s hash rate keeps rising. They’re still bullish on Bitcoin long-term (CEO said holdings may go back up later). The broader market barely noticed because liquidity is deep and the story is transparent.
In a bull market this would be ignored. In this bear phase it creates a little noise, but nothing that changes the macro trend.
Bitcoin fundamentals (halving cycles, institutional adoption, ETF flows) are far stronger than one miner’s treasury move.