Bitdeer Sells Entire Bitcoin Reserve Amid Mining Industry Woes

The cryptocurrency market continues to face significant challenges for miners, with Bitdeer being the latest example. The company has announced that it has completely liquidated its Bitcoin reserves, selling 943 BTC in the process.

This move is largely attributed to declining margins and increased pressure on miners following the recent halving of rewards. As a result, many mining companies are struggling to maintain profitability, leading them to sell part of their holdings to cover operational costs.

The trend of asset liquidation is expected to continue in the near future, potentially leading to market consolidation and changes in asset management strategies among miners.