Bitdeer sells entire bitcoin treasury to fund AI and infrastructure

Bitdeer exits its bitcoin treasury

Bitcoin miner Bitdeer has sold its entire corporate bitcoin treasury, reducing its own holdings to zero around 20 February 2026. Reports state that this figure refers to proprietary coins and excludes any customer deposits held on behalf of clients. Several independent outlets describe the move as unusual because many large listed miners still keep some bitcoin on their balance sheets as a treasury asset. The sale marks a clear change in how Bitdeer manages balance sheet exposure to the bitcoin price.

Sale volumes and weekly liquidation detail

Coverage of company disclosures states that Bitdeer sold about 943.1 bitcoin from reserves in the week of the liquidation. In the same period, it reportedly produced 189.8 newly mined bitcoin and sold this entire amount as well. Together, these transactions removed roughly 1,132.9 bitcoin from Bitdeer’s proprietary holdings and brought its balance of self-held coins to zero. Earlier reports reconstructed a path from about 2,000 bitcoin at the end of 2025 to 1,530 bitcoin by late January and 943.1 bitcoin by 13 February 2026.

"Our decision to sell Bitcoin should not be a concern for the broader market. We are currently evaluating multiple non-binding powered land acquisition opportunities, and we believe it is prudent to prepare liquidity now.", 20 February 2026. — Bitdeer corporate statement, Bitdeer Technologies Group

Shift toward AI and infrastructure spending

Bitdeer links the sale to a shift in capital allocation toward AI and data infrastructure projects. Articles summarizing its plans state that proceeds will support data center expansion, high performance computing services, and development of proprietary SEALMINER application-specific integrated circuit (ASIC) mining hardware. This positions the company more as a diversified computing and infrastructure provider than a miner that stores a large bitcoin reserve.

Scale of miner and treasury strategy

Several outlets describe Bitdeer as one of the largest publicly traded bitcoin miners by self-managed mining capacity. They contrast its zero-bitcoin stance with other large miners that continue to hold bitcoin treasuries. These reports present the sale as a notable divergence from the common “hold mined coins” strategy in the listed mining sector. Exact rankings by computing power are not fully quantified, so coverage emphasizes its scale rather than a precise position.