Largest US Bitcoin miner dumps entire BTC stash as margin pressure intensifies

Bitdeer, the largest Bitcoin mining company by hashrate, wiped its BTC ledger clean this week. Its corporate Bitcoin treasury now shows 0 BTC as the company sold 189.8 newly mined BTC and pulled 943.1 BTC from reserves. A mining business usually carries Bitcoin like pressure in a pipe, some flows out as revenue, some stays behind in its treasury as a store of value/buffer, and the buffer tells you how management thin…