Bitdeer Sells 265.6 BTC This Week, Keeps Zero Holdings

Bitdeer's zero-holdings stance is the notable part: a listed miner treating BTC production purely as inventory to convert into cash rather than a balance-sheet asset. That contrasts with peers who have framed retained coins as a treasury strategy, and it means Bitdeer's economics track mining margins and operating costs rather than crypto price exposure. Whether this discipline persists through a softer market, and whether other miners follow, is the open question.