Bitdeer cuts BTC holdings to zero as Bitcoin slides to $65K

Crypto mining firm Bitdeer Technologies Group has reduced its pure Bitcoin holdings to zero after selling its entire weekly production, as Bitcoin slid to around $65,000 amid renewed market pressure.

In a weekly update posted on X, Bitdeer said its BTC holdings (pure holdings, excluding customer deposits) stood at “0” as of Feb. 20, 2026. The company reported BTC output of 189.8 BTC for the week and confirmed it sold the same amount — 189.8 BTC — resulting in no additions to its balance sheet.

The update also showed “Net BTC Added: -943.1 BTC,” reflecting cumulative net outflows over the reporting period. Bitdeer’s latest disclosure signals a full liquidation of proprietary holdings at a time when miners are navigating tighter margins and heightened volatility.

Meanwhile, Bitcoin (BTC) was trading near $65,000 on Feb. 20, marking a notable pullback from recent highs. The price weakness has placed additional strain on mining companies, whose profitability depends heavily on BTC’s market value relative to operational costs such as electricity and hardware.

Bitdeer’s decision to sell its entire weekly output suggests a shift toward a more defensive treasury strategy, prioritizing liquidity over long-term accumulation. During previous bull cycles, several publicly listed miners opted to hold a portion of mined BTC in anticipation of further upside.

However, prolonged price consolidation and rising network difficulty have altered that calculus for some operators.

The company did not provide additional commentary on whether it intends to resume accumulating Bitcoin if prices recover. For now, Bitdeer joins a growing list of miners choosing to offload production into the market, signifying the pressure facing the sector as Bitcoin hovers at multi-month lows.