finbold.com
Amidst the ongoing cryptocurrency market turmoil, cloud mining platform Bitdeer (NASDAQ: BTDR) made a radical decision to sell all of its remaining Bitcoin ($BTC), effectively reducing its treasury to zero.
In total, the company sold its remaining 943.1 $BTC reserves and the 189.8 $BTC it had produced during its most recent week of operations.
The firm, however, clarified the sale did not affect user holdings and, in an X post made in the early morning of February 23, emphasized the move ‘should not be a concern for the broader market.’
Bitdeer pivots from Bitcoin as $BTC crashes 47% in under 6 months
The cloud mining and AI infrastructure platform’s decision to reduce its Bitcoin treasury came at a time of significant downward volatility for the cryptocurrency market. $BTC is itself down approximately 47% from its October 2025 all-time highs (ATH) above $125,000.
Bitcoin also suddenly dropped below $65,000 in the night between February 22 and 23, though it had partially recovered by press time on Monday, as it is changing hands at $66,323.
Interestingly, Bitdeers’ pivot to AI comes as the sector is itself under increased scrutiny over exorbitant infrastructure expenditure, and figures apparently showing a lack of significant benefits of adoption and a persistent lack of a convincing roadmap to profitability.
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