Bitdeer, a leading company in the cryptocurrency mining industry founded by Jihan Wu, made a notable decision in its latest weekly update.
The company announced that it had sold all of its Bitcoin holdings, reducing its total Bitcoin portfolio to zero.
According to data from February 20, 2026, Bitdeer’s pure Bitcoin reserves, “excluding customer assets,” were reported as 0. The company generated 189.8 $BTC weekly, while selling the same amount (189.8 $BTC). The net $BTC change was recorded as -943.1 $BTC. This data indicates that the company sold off all of its $BTC holdings compared to the previous week.
A week ago, in an update dated February 13, 2026, Bitdeer had a pure reserve of 943.1 $BTC. That week, the company produced 183.4 $BTC and sold 179.9 $BTC, resulting in a net change of -96.5 $BTC. With the latest announcement, it has become clear that the company no longer holds any Bitcoin directly on its balance sheet.
Another notable detail in Bitdeer’s announcement concerns operational capacity. The company’s self-managed Bitcoin hashrate surpassed that of Marathon Digital Holdings. This makes Bitdeer the publicly traded company with the highest self-managed $BTC hashrate.
*This is not investment advice.
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