Bitdeer sold all its Bitcoin reserves
The mining company Bitdeer announced the sale of 943 BTC, completely liquidating its reserves. This occurred amid declining margins and increased pressure on miners after the recent halving, making it harder for them to hold onto assets.
Due to challenging market conditions and the need to maintain liquidity, many miners are forced to sell part of their holdings to cover operational costs. This reflects a broader trend in the mining industry following the adjustment of rewards.
Looking ahead, further pressure on miners is expected, which may lead to market consolidation and changes in asset management strategies.
