Bitdeer Ditches All Corporate Bitcoin Holdings Amid Market Pressure

Bitdeer's decision to liquidate its entire Bitcoin holdings marks a significant shift in the company's strategy, sparking curiosity among investors about the implications for the cryptocurrency market.

The move comes as the global crypto landscape faces growing challenges from reduced block rewards and increasing competition, putting pressure on mining companies like Bitdeer.

In a bid to adapt to these changing conditions, Bitdeer has raised capital through convertible notes and equity, which will be allocated towards data center expansion, AI research, high-performance computing, and debt management.