Bitdeer Sells Entire Bitcoin Treasury, Raises $325M in Convertible Debt
The post Bitdeer Sells Entire Bitcoin Treasury, Raises $325M in Convertible Debt appeared on BitcoinEthereumNews.com.
Bitcoin Bitdeer Technologies Group has fully liquidated its corporate Bitcoin treasury, reducing its “pure holdings” to zero. Key Takeaways Bitdeer reduced corporate Bitcoin holdings to zero after selling 1,132.9 BTC. The company raised $325M in 5% convertible notes due 2032. Funds will support data center expansion, AI cloud infrastructure and ASIC development. The move contrasts sharply with HODL-focused strategies adopted by peers. The move comes alongside a $300 million convertible senior notes offering, later upsized to $325 million with a $45 million greenshoe option, marking one of the most aggressive liquidity pivots among public miners in the post-halving era. Bitdeer #BTC Weekly Update 🔹 BTC Holdings: 0 (pure holdings, excluding customer deposits)🔹 BTC Output: 189.8 BTC🔹 BTC Sold: 189.8 BTC🔹 Net BTC Added: -943.1 BTC📅 Data as of February 20, 2026.#Bitcoin #BTC #BitcoinHoldings #BitcoinCommunity #BTCMining $BTDR pic.twitter.com/vtvBVEui0Q — Bitdeer (@BitdeerOfficial) February 21, 2026 In its latest weekly update, the company disclosed that it produced 189.8 BTC during the reporting period and sold the entire amount. Additionally, Bitdeer liquidated 943.1 BTC from its existing reserves, bringing total sales to 1,132.9 BTC. At prevailing Bitcoin prices near $68,000, the proceeds are estimated between $64 million and $77 million. A Full Treasury Exit Just one week earlier, as of February 13, Bitdeer still held 943.1 BTC in reserves after selling most of its weekly production while maintaining treasury exposure. The latest disclosure confirms those remaining reserves have now been fully monetized. While miners routinely sell portions of production to cover operating costs such as electricity and hosting, a complete treasury liquidation is less common among large publicly listed operators. This reset effectively removes Bitcoin price volatility from Bitdeer’s balance sheet, converting crypto exposure into immediate liquidity. Capital Raise and Growth Ambitions The treasury liquidation coincides with a $300 million convertible senior notes offering…
Filed under: News - @ February 22, 2026 10:25 am