Bitdeer Sells Mined Bitcoin for 14th Straight Week - Coinfea

Bitdeer sold every Bitcoin it mined in the week ending May 29, extending its zero-BTC treasury policy for a 14th straight week

ContentsBitdeer Keeps Treasury at ZeroCash Strategy Supports ExpansionRivals Continue Holding BitcoinThe company produced 206 BTC and sold the full amount, excluding customer deposits. The move keeps Bitdeer aligned with a cash-focused strategy as it funds mining infrastructure, ASIC development, data centers, and AI cloud expansion.

Bitdeer Keeps Treasury at Zero

Bitdeer has been selling all weekly Bitcoin production since its treasury was emptied near the end of February. The miner started 2026 with about 2,000 BTC, then reduced that balance across an eight-week liquidation period.

During the final week of that drawdown, Bitdeer sold 943.1 BTC from reserves in addition to its normal production sales. The company said the decision reflected liquidity needs tied to infrastructure spending, not a negative view on Bitcoin.

The same pattern has continued since then. Each weekly update has shown newly mined Bitcoin moving out of the balance sheet, leaving no retained BTC at week end. The approach has drawn attention because Bitdeer remains a major miner.

Cash Strategy Supports Expansion

Bitdeer’s self-mining hashrate reached 63.2 EH/s, while April production stood at 783 BTC. However, the company sold that output rather than adding it to reserves.

The miner has raised fresh capital to support growth. It secured $325 million through convertible notes and $43.5 million through equity financing this year. Proceeds are being directed toward data center growth, next-generation ASIC production, and AI cloud services.

Bitdeer has converted its Tydal site in Norway into an AI data center. Its AI Cloud Services business has reached an annual revenue run rate above $69 million, showing how the company is widening its focus beyond Bitcoin mining.

The strategy comes as Bitcoin faces market pressure. Bitcoin has fallen 16% since the start of the year, while the Fear and Greed Index dropped to 33, placing sentiment in Fear.

Rivals Continue Holding Bitcoin

Bitdeer’s policy stands in sharp contrast with larger Bitcoin holders across the mining and treasury sectors. MARA Holdings holds about 53,250 BTC, Riot Platforms holds roughly 18,000 BTC, and Strategy holds more than 717,000 BTC.

The difference highlights a broader market question. Some firms are buying or retaining Bitcoin as a treasury asset, while Bitdeer is choosing liquidity and expansion capital.

Financial pressure may explain part of that choice. Bitdeer reported Q1 2026 revenue of $188.9 million, up about 170% year over year, but it also posted a net loss of $159.5 million. Gross margin had already narrowed to 4.7% in Q4 2025.

Despite the zero-BTC stance, BTDR shares rallied about 14% on May 28 and traded near $17.75 after rising from the low $12 range.