Bitdeer Sells 294.2 BTC, Holdings Remain at Zero
Bitdeer sold all 300.6 BTC it produced in the week through October 9, then sold all 294.2 BTC produced in the week through October 16. The Bitcoin miner reported no net purchases and zero BTC holdings in both updates, excluding customer deposits. These sales add a modest amount of miner-sourced Bitcoin supply to the market, but the latest report shows no change in Bitdeer’s holdings approach.
Neutral
Bitdeer sold all of its mined Bitcoin in two consecutive weekly updates: 300.6 BTC through October 9 and 294.2 BTC through October 16. This represents a modest amount of potential selling supply, but the reports do not identify a change in the company’s policy or indicate unusually large sales relative to the broader Bitcoin market. Its zero reported holdings and lack of net purchases are consistent across both updates. In the short term, traders may view the sales as a small source of miner-related supply, but the figures alone are unlikely to drive a sustained price move. Longer term, the impact depends on whether Bitdeer continues selling production and whether other miners follow a similar pattern; the updates provide no evidence of a broader shift. The price impact on BTC is therefore neutral.