Bitdeer sells all Bitcoin holdings, temporarily holding zero BTC to boost liquidity for growth.

Bitdeer, a Nasdaq-listed Bitcoin mining company, sold its entire Bitcoin reserve of 943.1 BTC plus all newly mined coins in one week, reporting zero BTC holdings as of February 20, 2026. This move was a strategic liquidity decision to fund potential acquisitions and infrastructure expansion, supported by a $300 million convertible note offering. By February 28, Bitdeer had rebuilt a small BTC position, indicating the zero balance was temporary. The company is shifting focus from accumulating Bitcoin to investing in technology infrastructure and HPC/AI cloud growth, signaling a strategic pivot beyond traditional mining.