Bitdeer Sells All 218 Weekly Bitcoin Output, Reaffirms No-Holding Strategy
BTDR has more than doubled off its 52-week low of $6.916.
Summary
Bitdeer reported producing 218.1 Bitcoin for the week ending June 19 and confirmed the immediate sale of all output. The company reiterated its strategy to hold no Bitcoin, fully liquidating production into fiat to support operating cash flow. This provides clarity on its treasury management and risk exposure, confirming a pure mining and cash conversion model. This follows a series of strong monthly operational updates, with the most recent for May 2026 showing a 370% year-over-year increase in production.
At the time of this announcement, BTDR was trading at $17.95 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $6.92 to $27.80. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Binance News.