Asia Crypto Update: Bitdeer Sells All Bitcoin, Metaplanet Denies Misconduct

Bitdeer, a Singapore-headquartered Bitcoin miner, has announced the liquidation of its entire corporate treasury. According to reports, Bitdeer held 943.1 BTC just last week but has since dropped its holdings to zero. The company attributed this decision to the reduced block rewards following the latest halving and plans to expand into AI infrastructure.

Metaplanet's CEO, Simon Gerovich, has rejected claims of misconduct regarding the company's Bitcoin strategy and related disclosures. He stated that Metaplanet reported all BTC purchases and denied any wrongdoing, despite allegations of hidden losses and delayed information disclosure.