<p>Crypto mining firm Bitdeer Technologies Group has reduced its pure Bitcoin holdings to zero after selling its entire weekly production, as Bitcoin slid to around $65,000 amid renewed market pressure.</p>
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   <li>Bitdeer Technologies Group reported zero pure BTC holdings as of Feb. 20, 2026, after selling its entire weekly output of 189.8 BTC.</li>
   <li>The company disclosed BTC output of 189.8 BTC and BTC sold of 189.8 BTC, with net BTC added at -943.1 BTC.</li>
   <li>The update comes as Bitcoin trades around $65,000, increasing pressure on miner profitability.</li>
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<p>In a weekly update <a href="https://x.com/BitdeerOfficial/status/2025136775266550191?s=20" rel="noopener noreferrer nofollow">posted</a> on X, Bitdeer said its BTC holdings (pure holdings, excluding customer deposits) stood at “0” as of Feb. 20, 2026. The <a href="https://crypto.news/bitdeer-trims-bitcoin-reserves-below-1000-btc-threshold/" rel="noopener noreferrer nofollow">company reported</a> BTC output of 189.8 BTC for the week and confirmed it sold the same amount — 189.8 BTC — resulting in no additions to its balance sheet.</p>
<figure class="wp-block-image size-full"><img width="1600" height="836" src="https://media.crypto.news/2026/02/image-65.webp" alt="Bitdeer cuts BTC holdings to zero as Bitcoin slides to $65K - 23">
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<p>The update also showed “Net BTC Added: -943.1 BTC,” reflecting cumulative net outflows over the reporting period. <a href="https://crypto.news/bitdeer-leapfrogs-mara-as-top-bitcoin-miner-by-hashrate-and-ai-pivot/" rel="noopener noreferrer nofollow">Bitdeer’s latest</a> disclosure signals a full liquidation of proprietary holdings at a time when miners are navigating tighter margins and heightened volatility.</p>
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<p>Meanwhile, Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) was trading near $65,000 on Feb. 20, marking a notable pullback from recent highs. The price weakness has placed additional strain on mining companies, whose profitability depends heavily on <a href="https://crypto.news/bitcoin-price-prediction-60k-retest-us-tariffs-2026/" rel="noopener noreferrer nofollow">BTC’s market value</a> relative to operational costs such as electricity and hardware.</p>
<p>Bitdeer’s decision to sell its entire weekly output suggests a shift toward a more defensive treasury strategy, prioritizing liquidity over long-term accumulation. During previous bull cycles, several publicly listed miners opted to hold a portion of mined BTC in anticipation of further upside.</p>
<p>However, prolonged price consolidation and rising network difficulty have altered that calculus for some operators.</p>
<p>The company did not provide additional commentary on whether it intends to resume accumulating Bitcoin if prices recover. For now, Bitdeer joins a growing list of miners choosing to offload production into the market, signifying the pressure facing the sector as Bitcoin hovers at multi-month lows.</p>
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Bitdeer cuts BTC holdings to zero as Bitcoin slides to $65K

crypto.news

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