Bitdeer Sells Entire Bitcoin Treasury, Zeroes Corporate Holdings

Bitdeer sold all corporate Bitcoin holdings, reducing its treasury balance to zero, after producing 189.8 BTC over a week and selling the entire amount alongside an additional 943.1 BTC from existing reserves, according to its latest operational update. The miner said its "pure holdings", excluding customer deposits, have dropped to 0 Bitcoin, and separately unveiled a plan to raise $300 million via convertible senior notes with $45 million of optionality, due in 2032 and convertible into stock, cash, or a combination, with proceeds earmarked for data center expansion, AI cloud growth, mining hardware development, and corporate needs. Chart analyst Chiefy warned that Bitcoin is "perfectly mirroring" the 2022 crash and set a next target around $45,000 if that structure repeats, while Ali Charts identified holder cost-basis supports at $58,467, $54,439, and $41,488.