Bitcoin mining company Bitdeer has published the latest data on its Bitcoin holdings. As of the week of July 17, its Bitcoin mining output was 244.3 BTC, and it sold 244.3 BTC during the same period, resulting in a net addition of 0 BTC. Its current pure BTC holdings are still zero. Since the week of February 20, when it sold 189.8 BTC of that week’s production and its existing reserves of 943.1 BTC, Bitdeer has disclosed that its pure BTC holdings have been zero for 21 consecutive weeks. This measure does not include customer deposits and BTC pledged by the company.

BTC0.37%
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PostTaxLife
· 07-18 12:46
Are customer deposits and the BTC that the company has staked not included? Then what exactly is the actual holdings—it's a bit unclear.
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CycleArchaeologist
· 07-18 06:20
Cleared out continuously for 21 weeks—does Bitdeer have no confidence in the outlook, or is it cashing out? Worth keeping an eye on.
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SpotHolder
· 07-18 06:18
Actually, this is also pretty good—there’s no selling-pressure expectation for the market; selling cleanly and decisively also reduces uncertainty.
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BreatheStopLoss
· 07-18 06:02
Miners become traders? They only mine and don’t stockpile—looks exactly like a wage worker.
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RedGreenBalance
· 07-18 05:59
This is really solid work—selling it off cleanly and completely.
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AutoStopLoss
· 07-18 05:55
They’ve maintained zero net positions since February, which means they sold all the mined coins immediately, including the original reserves of 943 as well. This kind of operation is indeed rare among mining companies—it may be to hedge risk or maintain cash flow, but it also suggests they’re not optimistic about short-term coin prices, or they may be under funding pressure. Investors may want to pay more attention to the reasons behind it.
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