Bitdeer mines and sells 292.3 BTC in a week, holdings drop to zero
- —292.3 BTC mined and 292.3 BTC sold in the week, net change zero
- —Bitdeer's current bitcoin holdings stand at 0 BTC
- —Holdings fell from 61 BTC in late August and 257 BTC in late July
- —Sale price and mining costs were not disclosed
Why it matters: Selling all mined coins signals margin pressure on miners and adds to bitcoin supply hitting the market.
Source: TokenPost