Public Miner Sells Entire Bitcoin Stockpile as Self-Managed Hashrate Climbs to Top
The post Public Miner Sells Entire Bitcoin Stockpile as Self-Managed Hashrate Climbs to Top appeared on BitcoinEthereumNews.com.
Bitdeer, the Bitcoin mining firm controlled by industry veteran Bitdeer’s co-founder Jihan Wu, said recently that it has sold all of its Bitcoin holdings and now reports zero BTC on its balance sheet. In the same announcement, the company highlighted a separate milestone that its self-managed Bitcoin hashrate has overtaken that of Mara, making Bitdeer the publicly traded company with the largest self-controlled mining capacity. The development represents a clear shift in how a public miner is managing risk and capital. According to the chart Bitdeer released alongside the update, the company recorded 189.8 BTC mined in the latest period and sold an equivalent 189.8 BTC, leaving net BTC added at -943.1 and carrying BTC holdings of zero. The figures, if accurate, show Bitdeer moving from a posture of holding mined Bitcoin to one of immediate monetization. For shareholders and market watchers, the move will be read in at least two ways. On one hand, selling all mined BTC converts future coin production into fiat or stablecoin liquidity and reduces the company’s exposure to price volatility. That can be useful for funding operations, paying down debt, or investing in capacity expansion without depending on the spot market to fund capital needs. On the other hand, a zero-holding policy removes any chance for the firm to benefit from upside in Bitcoin price movements, a strategy some other miners have used to generate outsized returns during bullish stretches. Zero BTC Holdings, Maximum Control Bitdeer’s claim of surpassing Mara in self-managed hashrate is also consequential. Self-managed hashrate refers to hashing capacity under a miner’s direct control, equipment they own and operate, rather than hashpower rented or run by third parties. Topping the ranking among publicly listed peers suggests Bitdeer now runs one of the largest fleets of company-operated miners, a competitive advantage when…
Filed under: News - @ February 22, 2026 11:05 pm