Bitdeer Technologies Group emptied its Bitcoin vault, selling all coins on its books and reducing its corporate balance to zero.
The move follows weeks of steady disposals and comes as the company seeks fresh capital to fund expansion plans beyond pure mining.
Bitdeer sells entire Bitcoin holdings
Based on the report, the company has offloaded both newly mined tokens and long-term reserves until February 2026. Approximately 189.8 BTC from recent production was sold, and approximately 943.1 BTC previously held on the balance sheet was sold.
By the time the transaction was settled, there were no cryptocurrencies left under the company’s control. The drawdown accelerated after BitDeer announced plans to raise more than $300 million through convertible debt, according to reports.
bit deer #BTC weekly updates
🔹Number of BTC held: 0 (net holdings excluding customer deposits)
🔹 BTC output: 189.8 BTC
🔹 Sales BTC: 189.8 BTC
🔹Net BTC added: -943.1 BTC
📅 Data as of February 20, 2026.#bitcoin #BTC #Bitcoin Holdings #Bitcoin community #BTCMining $BTDR pic.twitter.com/vtvBVEui0Q— Bitdeer (@BitdeerOfficial) February 21, 2026
The stock market reacted quickly. After the disclosure, the stock price fell about 15%, reflecting concerns about dilution and increased debt. Miners often sell some of their production to cover operating costs, but reserves are rarely fully disposed of. This difference has led to a growing debate among investors about what this decision suggests.
Bitcoin price fluctuation
The price background of Bitcoin itself is not at all calm. Although volatile, Alphacoin has been stable around key macro headlines, maintaining a range around the mid-$67,000s to low-$60,000s in recent sessions.
BTC briefly peaked above $68,000, but rebounded with profit taking after rising geopolitical tensions between the US and Iran led to increased flows into safe-haven assets and increased volatility in risky assets. Traders remain cautious. Volatility is tied to the mood of geopolitical risks and traditional market movements.
At the same time, the US Supreme Court’s ruling invalidating parts of US President Donald Trump’s tariff framework triggered a modest rebound across risk assets, including Bitcoin.
The profits didn’t last long. BTC rallied after the SC ruling, but subsequently came under selling pressure as the market weighed the impact and President Trump signaled new tariff options.
The overall pattern shows trading in a range, with macro headlines rather than a strong breakout guiding the short-term direction.
Why the company chose to raise cash
According to reports, Bitdeer plans to use the new funding for data center expansion, AI-related services, and in-house ASIC development. Management seems to value liquidity over holding based on price fluctuations.
Some analysts argue this is a pragmatic response to a tightening mining economy, where profit margins are squeezed by power costs and equipment upgrades.
Some see the complete sale as a bold shift from the “wait and wait” model employed by certain competitors.
While the company has not indicated that it will permanently exit its Bitcoin holdings in the future, there are currently no assets left on its balance sheet that it generates.
Featured image from Unsplash, chart from TradingView
editing process for is focused on providing thoroughly researched, accurate, and unbiased content. We adhere to strict sourcing standards, and each page is carefully reviewed by our team of top technology experts and experienced editors. This process ensures the integrity, relevance, and value of your content to your readers.