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Bitdeer Technologies has liquidated its entire Bitcoin treasury, reporting zero BTC in corporate holdings. In its latest update, the company disclosed mining 189.8 BTC, all sold, plus an additional 943.1 BTC liquidated from reserves.

This change marks a significant shift from prior holdings of 943.1 BTC. Bitdeer's shares declined after announcing plans for a $300 million convertible debt offering to support data center expansion and AI cloud capabilities. The mining sector is increasingly pivoting to AI and hybrid revenue models as firms face tighter margins and seek growth through diversified strategies.