Bitdeer Mined 282 Bitcoin This Week, But Kept None of It

BitcoinWorld Bitdeer Mined 282 Bitcoin This Week, But Kept None of It Bitdeer, the Nasdaq listed Bitcoin mining company trading under the ticker BTDR, posted an update saying that as of 4 September, it had sold every single coin it mined that week, a total of 282 BTC.

Its treasury balance of Bitcoin holdings remains at zero. This is not just a one time move. According to the company, since 20 February, Bitdeer has sold every coin it mined, keeping absolutely nothing on its balance sheet since that date.

  Here is why this matters for anyone following Bitcoin mining companies. Most publicly traded mining companies choose to hold onto at least some of the Bitcoin they mine, essentially treating it as a long term bet that the price will rise over time.

Bitdeer is doing the opposite. It is running its mining operation more like a straightforward cash business, converting the Bitcoin it mines directly into dollars instead of holding onto it.