Bitcoin mining company Bitdeer (NASDAQ: BTDR) announced its BTC holdings as of February 20, 2026, revealing that the company has fully liquidated its Bitcoin positions, selling 943.1 BTC in a single week. This week, it produced 189.8 BTC and simultaneously sold the same amount, indicating a strategy of immediate mining and selling. Founder Wu Jihan stated, “Holding zero now does not mean it will always be the case in the future. Thank you for your attention.” Data shows that out of 22 Bitcoin mining machines on the market, 9 are already at shutdown price.
Bitdeer Fully Liquidates Bitcoin, Adopts Mining-to-Selling Mode
According to the latest official announcement, Bitcoin mining company Bitdeer (NASDAQ: BTDR) disclosed that its “pure self-owned Bitcoin holdings” (excluding client custodial assets) have dropped to zero as of February 20, 2026. In terms of weekly operations, Bitdeer mined 189.8 BTC and sold the same amount, demonstrating an immediate mining-and-selling approach. Additionally, weekly statistics show a net decrease of 943.1 BTC, indicating a clear net outflow.
From an operational perspective, holding zero implies that Bitdeer currently does not retain any self-owned Bitcoin inventory, possibly reflecting the company’s focus on strengthening cash flow and asset liquidity in the current market environment rather than accumulating long-term holdings. This strategy has become common among mining companies in recent years, especially amid rising competition for hash power, capital expenditure, and energy costs. Selling production to support operations and expansion has become a financial management option for some miners.
Wu Jihan: Not necessarily the case forever
Regarding external concerns that zero holdings might indicate long-term liquidation, founder Wu Jihan responded on social media: “Holding zero now does not mean it will always be the case in the future. Thank you for your attention.” This suggests that Bitdeer may adjust its holding strategy based on market conditions in the future, maintaining flexibility to re-accumulate BTC.
Another well-known miner, Shen Yu, on a data website, indicated that among 22 Bitcoin mining machines on the market, 9 are already at shutdown price, meaning mining and selling at this point results in losses for miners.
This article Bitcoin Winter! Mining company Bitdeer sells all BTC, Wu Jihan: It doesn’t mean future holdings won’t happen first appeared on Chain News ABMedia.
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