Are mining companies all starting to “mine and dump”? Bitdeer liquidated all 282 BTC this week!
I just saw Bitdeer’s latest weekly report: as of the week ending September 4, it mined 282 BTC and sold all of them in the same period, with net additions of zero, continuing to maintain a zero Bitcoin position.
This is not the first time. Since clearing out its remaining BTC reserves on February 20 this year, Bitdeer has maintained a zero-holdings strategy. Whatever it mines each week, it sells each week, directly turning it into fiat cash flow.
In plain terms, this Nasdaq-listed mining company (BTDR) is choosing to sacrifice the upside imagination of BTC in exchange for operational certainty. When mining companies are no longer willing to hoard coins, it suggests they are not aggressively bullish on short-term price expectations.
A steady supply of several hundred BTC per week is effectively applying continuous selling pressure to the market. If this “produce and dump” model becomes an industry trend, the suppression on BTC prices cannot be ignored.
On the other hand, the market never lacks opportunities. Recently there’s a new Musk-themed small-cap meme coin, a pure CTO project, with a very strong community. For a small-cap speculative play, the “turning a bicycle into a motorcycle” kind of story is not impossible.
DYOR, control your position size.
Personal analysis, not investment advice
#比特币 #Bitdeer #BTC #矿工抛售