Bitdeer Sells All Mined Bitcoins, Maintaining Zero BTC Holdings
Mining giant Bitdeer sold all 265.6 Bitcoins mined this week and continues to hold zero BTC in its reserves. This strategy of immediately liquidating freshly mined coins can exert short-term selling pressure on the Bitcoin market but also reflects an operational decision to cover operating costs.
Bitdeer sold 265.6 mined Bitcoins.
The company continues to hold zero BTC in its reserves.
Strategy to cover operational costs.
Can exert short-term selling pressure on the market.
Story
Bitdeer, a significant player in the Bitcoin mining sector, has continued its strategy of immediately liquidating mined Bitcoins. This week, all 265.6 newly mined BTC were sold, leaving the company with zero Bitcoin in its own holdings. This practice is not new for Bitdeer, which has previously pursued a similar strategy to cover operating costs and secure liquidity.
The decision of a large miner to immediately sell all mined Bitcoins can exert constant, albeit minor, selling pressure on the market. Given the current Bitcoin price of over $74,000, 265.6 BTC represents a value of nearly $20 million. While this may seem small compared to Bitcoin's total 24-hour trading volume of over $57 billion, it is a continuous influx of supply. For you, it's important to understand that such sales are part of natural market dynamics, as miners need to cover their costs. It's a factor to consider when evaluating supply pressure, especially if other miners adopt similar strategies or if the market exhibits less liquidity.
Issue context
The crypto market has shown a remarkable recovery following a recent flash crash that liquidated over $500 million in long positions. Bitcoin is holding steady above $74,000, while Ethereum has pushed past the $2,300 mark. This rebound is underpinned by robust institutional inflows into spot ETFs for both leading cryptocurrencies, signaling strong investor confidence.
Recent volatility underscores how quickly the market can move. Pay close attention to funding rates and open interest, as positive values indicate increased leverage that can lead to rapid liquidations during further corrections. Your risk management strategy is crucial, especially as the market trends into "Greed" territory.
Market pulse
BTC
$74.8K
+7.8% 24h / +17.6% 7d
Fear & Greed
72
Greed
BTC Spot ETFs
+$164M
Net flow · 2026-08-22
BTC Funding
+0.0083%
20 perp markets · OI $54B
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.