Bitdeer Technologies has sold all its Bitcoin holdings, framing the move as a strategic liquidity decision to support its expansion into AI and mining infrastructure. The Singapore-based miner emphasized that converting newly mined Bitcoin into cash is necessary to prepare for potential acquisitions of powered land, which require capital readiness. Despite the sale, Bitdeer continues to expand its operations, increasing its self-mining capacity to over 63 EH/s and boosting Bitcoin production year over year. The company clarified that its decision to sell Bitcoin should not be seen as a bearish signal, as it remains committed to growing its hash rate and mining more Bitcoin for shareholders. This approach marks a departure from the typical strategy of accumulating Bitcoin as a reserve asset, as seen with other firms like MARA Holdings and Riot Platforms, which maintain significant Bitcoin treasuries. Bitdeer's pivot towards AI and high-performance computing infrastructure necessitates substantial upfront capital, justifying the sale of its Bitcoin output.