Bitdeer says it sold all BTC to fund land purchase, will increase mining

Bitdeer (BTDR), which recently sold its entire Bitcoin holdings, announced on its official X account that the decision was made to review a potential land purchase for its power supply. The company stated it was prudent to secure immediate liquidity for the acquisition. Bitdeer emphasized that its hashrate will continue to grow and that it will mine more BTC to benefit its shareholders. The company previously announced the sale of its entire holdings of 943.1 BTC, as well as the 189.8 BTC it had mined this year. Bitdeer founder Jihan Wu also reposted the announcement.