[Digital Today reporter Yoonseo Lee] Cryptocurrency miner Bitdeer sold all the bitcoin it mined in the week ended May 29 (local time). It kept its bitcoin holdings at zero on a weekend basis for a 14th consecutive week.

Blockchain media outlet Cryptopolitan reported that Bitdeer mined more than 206 BTC during the week but disposed of all of it. Customer deposits were excluded from the figure.

The trend is seen as an extension of Bitdeer’s “no-holdings financial strategy” that has continued since late February. Bitdeer started the year holding about 2,000 BTC, but used up all its reserves over eight weeks. In the final liquidation week, it sold an additional 943.1 BTC in reserves on top of its usual sales of production.

At the time, Bitdeer explained that the sales were not based on a bearish view of the bitcoin price but were aimed at securing liquidity for infrastructure investment. But its stance has not changed even three months later. Each time it issued a weekly update, Bitdeer sold all mined bitcoin and kept its bitcoin holdings at zero on its balance sheet at the end of each week.

The market is focusing on the fact that this strategy is unusual among large mining companies. Bitdeer raised its self-mining hashrate to 63.2 exahash per second (EH/s) this year and mined 783 BTC in April alone. All of that was also sold.

Rivals, by contrast, are maintaining bitcoin holding strategies. Based on Bitcoin Magazine tabulations, Marathon Holdings holds about 53,250 BTC and Riot Platforms holds about 18,000 BTC, while Strategy has accumulated more than 717,000 BTC. Mining companies that actually produce bitcoin are giving up holdings, while companies buying bitcoin in the market continue to accumulate, creating a contrast.

Bitdeer is putting the cash it secures into expanding other businesses. The company raised $325 million this year through convertible bonds and $43.5 million through equity financing. The funds were used for data centre development, building next-generation ASICs (application-specific integrated circuits) and expanding artificial intelligence (AI) cloud services. Its facility in Tydal, Norway, was developed into an AI data centre, and the annualised run rate of AI cloud services revenue surpassed $69 million.

Results showed both growth and losses. Bitdeer’s first-quarter 2026 revenue was $188.9 million, up about 170 percent from a year earlier, while net loss came to $159.5 million. Based on Bitcoin Magazine, its fourth-quarter 2025 gross profit margin (GPM) also fell to 4.7 percent from 7.4 percent a year earlier.

The bitcoin market environment was also not easy. The bitcoin price has fallen about 16 percent since the start of the year, and the crypto fear and greed index entered the “fear” zone at 33. In this situation, Bitdeer’s continued selling is cited as a factor adding supply to market selling pressure.

Bitdeer’s moves are drawing attention because they take a different direction from the existing strategy in which miners accumulate bitcoin as a long-term holding asset. As bitcoin price weakness and investment burdens continue, a key point to watch will be whether the company’s cash-out strategy leads to securing growth engines or remains an opportunity cost from a lack of held assets.

Bitdeer #BTC Weekly Update BTC Holdings: 0 (pure holdings, excluding customer deposits) BTC Output: 206.2 BTC BTC Sold: 206.2 BTC Net BTC Added: 0 BTC Data as of May 29, 2026.#Bitcoin #BTC #BitcoinHoldings #BitcoinCommunity #BTCMining $BTDR pic.twitter.com/fMYEhX7kiy