๐ฐ How many BTC did Bitdeer mine this week, and sold the same amount?
As of the week of September 11, the Nasdaq-listed bitcoin miner produced 293.2 BTC in total, and sold 293.2 BTC during the same period. The net direct increase was 0 BTC.
๐ฅ Honestly, the most interesting part isnโt that it sold 293.2 BTCโitโs that it still maintains a zero BTC position. Mining and selling coins basically mean thereโs no keeping the output on the balance sheet.
This suggests that Bitdeerโs current capital allocation is more focused on converting mining proceeds into cash promptly, rather than continuously accumulating BTC. As for the specific use of the coins it sold, the material doesnโt provide further details, so it canโt be directly used to fit a โbearishโ narrative.
๐ก For mining companies, after producing coins, the choice is either to hold BTC or convert it into cash to fund operationsโthese are two completely different paths. Bitdeerโs move this time is very clear: it did not add any BTC reserves this week.
๐ค Do you think mining companies maintaining a continuous zero position is a strategic decision, or that they simply donโt want to take on the burden of holding BTC for now?
#BTC #Bitdeer #ๆฏ็นๅธ็ฟไผ #On-chain observation