Bitdeer’s $62m Bitcoin liquidation ‘not a concern’ as miner eyes land acquisitions

Bitdeer Technologies is attempting to soothe investors after revealing it had liquidated its remaining Bitcoin holdings over the weekend. As of February 20, the Singapore-based Bitcoin miner holds zero Bitcoin on its balance sheet after it sold reserves of 943 Bitcoin, worth almost $62 million at current prices. “Our decision to sell Bitcoin should not be a concern for the broader market,” Bitdeer said in a Monday X post. “We are currently evaluating multiple non-binding powered land acquisition opport ...