Bitdeer Technologies Group, which operates in the field of Bitcoin mining, announced in its latest statement that the company has completely disposed of all its Bitcoin reserves. Hong Kong-based Bitdeer is among the leading companies in the industry with its crypto asset management and high-capacity mining operations.
There Are No Bitcoins Left in Company Reserves
According to the company’s weekly report published on February 21, 2026, both 943.1 Bitcoins in the existing reserves were sold and 189.8 Bitcoins produced in this process were immediately disposed of. As a result of these transactions, Bitdeer no longer has any Bitcoin held on behalf of the company on its balance sheet, excluding customer assets.
Gradual Reduction of Reserves
There was a noticeable decrease in company reserves in three different reporting periods throughout February. Bitdeer, which had over 1,000 Bitcoins at the beginning of the month, exhausted its entire reserve as of February 20. In common practice, most mining companies with large transaction volumes prefer to hold Bitcoin in their reserves in order to benefit from rising prices. Bitdeer’s sale of its entire reserves stood out as an extraordinary move in this respect.
Focus on AI and HPC
By liquidating its reserves, Bitdeer shifted its focus from the company’s main activities to high-performance computing (HPC) infrastructure and artificial intelligence application areas. The company announced on February 20 that it was issuing $325 million in debt to support its growth in these two areas.
During the same period, a significant increase was observed in the production capacity of mining machines called SEALMINER, developed by Bitdeer. Total production from these devices in January grew by 430 percent compared to the previous year. The company began to phase out its old and low-efficiency equipment.
With this strategic change, Bitdeer accelerated its transition from being a Bitcoin miner that is directly exposed to price fluctuations on the balance sheet to a multi-new generation company that provides technology infrastructure.
Reflections in the Market and Investor Reaction
This new policy of the company also had a significant impact on its shares in the stock market. After the announcement of the $ 300 million convertible bond issue, Bitdeer’s shares lost 17 percent and fell to the lowest level in the last ten months.
This decline reflects investors’ concerns about possible dilution, increased debt and the company’s rapid move away from the traditional treasury model. Although the company aimed to protect its balance sheet from price volatility by not holding Bitcoin, it also eliminated the chance to benefit from possible value increases.
It will become clear in the coming periods whether this decision taken by Bitdeer will pave the way for similar steps in the industry.
