Bitdeer Sells 288.4 BTC in Week, Keeps Zero Bitcoin Holdings

Bitdeer's decision to sell essentially everything it mines, leaving no bitcoin on its balance sheet, marks a clear shift away from the treasury-reserve model that many listed miners adopted. For a Nasdaq-listed name, this prioritizes operational cash flow over balance-sheet exposure to bitcoin's price. It matters for peers weighing whether to hold or monetize production, and for holders assessing how much miner supply reaches the market. Whether this sell-all approach continues, and whether other miners follow, is the open question.