Bitdeer Produced and sold 283.4 coins BTC, maintaining zero holdings
BIBIBI
AT A GLANCE
Bitdeer stated that, as of October 23 it had produced and sold 283.4 coins BTC, with holdings of 0。
Article
Bitdeer Maintained zero Bitcoin holdings, selling 283.4 coins BTC
PANews October 24 news,Bitdeer published a weekly Bitcoin update on X stating that, as of October 23, its Bitcoin production this week was 283.4 coins, all of which were sold, with net holdings increasing by 0 coins; current Bitcoin holdings are 0(excluding customer deposits).
Bitdeer stated that, as of October 23, Bitcoin production this week was 283.4 coins.
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Bitdeer stated that all Bitcoin produced this week had been sold.
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Bitdeer stated that net holdings increased by 0 coins; current Bitcoin holdings are 0, excluding customer deposits.
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PANews reported the news on October 24.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Bitdeer stated that all 283.4 Bitcoin mined this week had been sold, so the company did not increase its Bitcoin holdings; its disclosed Bitcoin holdings are 0, excluding customer deposits.
Why it matters to readers
This indicates that Bitdeer the Bitcoin produced this week was not added to the company's holdings.
Bitcoin mining companies can choose to hold the Bitcoin they mine or sell it. Here,Bitdeer chose to sell all of it.
Risks and unknowns
The evidence does not provide Bitdeer a direct link to the original post on X.
The evidence does not provide on-chain or other independent corroboration.
The evidence does not explain the sales channel or use of the funds.
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Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.