Bitdeer Sells Mined Bitcoin as BTC Tests USD 85K Mining Cost
analyticsinsight.net Sep 27, 2026

Bitdeer Sells Mined Bitcoin as BTC Tests USD 85K Mining Cost

AI-summarised brief · reviewed before publication

Bitdeer, a Nasdaq‑listed Bitcoin miner, sold 288.4 BTC in the week to September 25, slightly exceeding the 288.1 BTC it mined and leaving the company with zero Bitcoin holdings. The sales occurred as Bitcoin hovered near USD 85,000, a price JPMorgan identifies as the industry’s average mining cost. On September 25 the cryptocurrency traded around USD 84,187, just below that benchmark, a level that can pressure miners’ cash flow and influence selling behavior. Bitdeer’s approach of immediately liquidating newly mined coins contrasts with firms that retain a treasury of BTC to hedge price risk. The broader market saw gains in most major cryptocurrencies, though some, like SXP, fell sharply, while others such as BAL and GRT posted double‑digit rises.

💡 Why It Matters

  • · By offloading every coin it mines, Bitdeer avoids exposure to price swings but also signals that even near‑break‑even prices are insufficient to justify holding BTC as a reserve.
  • · This underscores how tightly miner profitability is tied to short‑term price movements.