{"id":94532,"date":"2026-02-22T10:56:58","date_gmt":"2026-02-22T07:56:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94532"},"modified":"2026-02-22T11:00:26","modified_gmt":"2026-02-22T08:00:26","slug":"bitdeer-sells-entire-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitdeer-sells-entire-bitcoin-reserve\/","title":{"rendered":"Bitdeer Sells Entire Bitcoin Reserve"},"content":{"rendered":"<p>Bitdeer, the mining company led by Jihan Wu, announced in its weekly report the sale of all mined and held coins\u2014approximately 943.1 BTC (around $64 million at the time of writing).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitdeer <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> Weekly Update<\/p>\n<p>\ud83d\udd39 BTC Holdings: 0 (pure holdings, excluding customer deposits)<br \/>\ud83d\udd39 BTC Output: 189.8 BTC<br \/>\ud83d\udd39 BTC Sold: 189.8 BTC<br \/>\ud83d\udd39 Net BTC Added: -943.1 BTC<br \/>\ud83d\udcc5 Data as of February 20, 2026.<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinHoldings?src=hash&#038;ref_src=twsrc%5Etfw\">#BitcoinHoldings<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinCommunity?src=hash&#038;ref_src=twsrc%5Etfw\">#BitcoinCommunity<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTCMining?src=hash&#038;ref_src=twsrc%5Etfw\">#BTCMining<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTDR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTDR<\/a> <a href=\"https:\/\/t.co\/vtvBVEui0Q\">pic.twitter.com\/vtvBVEui0Q<\/a><\/p>\n<p>\u2014 Bitdeer (@BitdeerOfficial) <a href=\"https:\/\/twitter.com\/BitdeerOfficial\/status\/2025136775266550191?ref_src=twsrc%5Etfw\">February 21, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Of this amount, 189.9 BTC was mined by the firm over the past week.<\/p>\n<p>As of February 20, the company had no bitcoins left on its balance sheet, except for customer deposits.<\/p>\n<p>In recent weeks, Bitdeer has been actively <a href=\"https:\/\/x.com\/BitdeerOfficial\/status\/2022530485876896182\">selling<\/a> the leading cryptocurrency, albeit in much smaller volumes. Typically, the miner only sold the coins it had mined.<\/p>\n<p>According to the <a href=\"https:\/\/x.com\/BitdeerOfficial\/status\/2021213353813917917\">January report<\/a>, the company&#8217;s own hash rate reached 63.2 EH\/s, a 14% increase from December. Last month, it mined 668 BTC.<\/p>\n<p>Data from <a href=\"https:\/\/bitcoinminingstock.io\/hashrate\">BitcoinMiningStock<\/a> shows that Bitdeer has surpassed the previous leader, MARA Holdings, which currently has a capacity of 61.7 EH\/s. Thus, Jihan Wu&#8217;s firm has become the largest public miner by hash rate.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"561\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-69ddf736ed92d882-6963004423851405-1024x561.png\" alt=\"image\" class=\"wp-image-275538\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-69ddf736ed92d882-6963004423851405-1024x561.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-69ddf736ed92d882-6963004423851405-300x164.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-69ddf736ed92d882-6963004423851405-768x421.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-69ddf736ed92d882-6963004423851405.png 1319w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: BitcoinMiningStock.<\/figcaption><\/figure>\n<p>Meanwhile, the company&#8217;s shares are not faring well. Over the past month, BTRD&#8217;s stock price has dropped by 46%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"468\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-674d846609e53789-6963193219801524-1024x468.png\" alt=\"{3B673F77-7B95-49A4-A19E-F71B64A6A7E8}\" class=\"wp-image-275540\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-674d846609e53789-6963193219801524-1024x468.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-674d846609e53789-6963193219801524-300x137.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-674d846609e53789-6963193219801524-768x351.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-674d846609e53789-6963193219801524.png 1032w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/finance.yahoo.com\/quote\/BTDR\/\" title=\"\">Yahoo.Finance<\/a>.  <\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Challenging Times<\/h2>\n<p>Miner revenues have significantly decreased since October 2025. At that time, the figure was $1.59 billion, but by January it had fallen to $1.12 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"493\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b1318d9a6f161a62-6963004368383459-1024x493.png\" alt=\"image\" class=\"wp-image-275537\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b1318d9a6f161a62-6963004368383459-1024x493.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-b1318d9a6f161a62-6963004368383459-300x144.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-b1318d9a6f161a62-6963004368383459-768x370.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-b1318d9a6f161a62-6963004368383459-1536x740.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-b1318d9a6f161a62-6963004368383459.png 2025w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Monthly miner revenue. Source: <a href=\"https:\/\/newhedge.io\/bitcoin\/monthly-miner-revenue\">Newhedge<\/a>.<\/figcaption><\/figure>\n<p>Under these conditions, miners are compelled to sell mined assets to sustain operations, sometimes even depleting reserves, as seen with Bitdeer.<\/p>\n<p>According to <a href=\"https:\/\/cryptoquant.com\/insights\/research\/69987841312550148f4ec2c2-20-February-2026-Exchange-Flow-Redistribution-Whale-Deposit-Activity-Grows-Amid-\">CryptoQuant<\/a>, recent inflows to crypto exchanges have been primarily driven by large holders, as the market &#8220;remains in a bearish phase.&#8221; The share of whales has risen to 0.64, reaching its highest level since October 2015.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-285acae74afa41b7-6963004498613039-1024x603.png\" alt=\"image\" class=\"wp-image-275539\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-285acae74afa41b7-6963004498613039-1024x603.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-285acae74afa41b7-6963004498613039-300x177.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-285acae74afa41b7-6963004498613039-768x452.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-285acae74afa41b7-6963004498613039.png 1244w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: CryptoQuant.<\/figcaption><\/figure>\n<p>Simultaneously, the average daily inflow of bitcoins to trading platforms in February rose to 1.58 BTC, a record since June 2022.<\/p>\n<p>Experts noted that the acute phase of the sell-off has eased, despite consistently high inflows to exchanges compared to previous months.<\/p>\n<p>On February 19, following the latest recalculation, the difficulty of Bitcoin mining <a href=\"https:\/\/forklog.com\/en\/news\/mining-difficulty-rebounds-by-15-as-hash-price-falls-below-30\">increased<\/a> by 14.73% to 144.4 T.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitdeer, the mining company led by Jihan Wu, announced in its weekly report the sale of all mined and held coins\u2014approximately 943.1 BTC (around $64 million at the time of writing).<\/p>\n","protected":false},"author":1,"featured_media":94533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitdeer announced the sale of all mined and held coins\u2014943.1 BTC.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137],"class_list":["post-94532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"200","promo_type":"1","layout_type":"1","short_excerpt":"Bitdeer announced the sale of all mined and held coins\u2014943.1 BTC.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94532"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94532\/revisions"}],"predecessor-version":[{"id":94534,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94532\/revisions\/94534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94533"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}