Bitdeer Sells Every Bitcoin It Mines, Keeps No Coins in Reserve

Bitdeer, a Nasdaq-listed Bitcoin mining company trading under the ticker BTDR, has been selling every coin it mines immediately. This week, that total was 282 BTC, which is now gone from its balance sheet.

The trend started on February 20 and continues to this day. Most publicly traded mining companies hold onto at least some of their mined coins as a long-term bet on price increases.

Bitdeer's approach is different, treating its mining operation like a straightforward cash business. The company converts all mined Bitcoin directly into dollars instead of holding onto it for potential future gains.