Whoa... Bitdeer, the U.S.-listed mining company founded by Jihan Wu, just announced that they’ve sold off all their Bitcoin holdings in one go, reducing their Bitcoin balance to zero and fully entering the mine-and-sell mode. Generally speaking, it’s understandable for miners to sell some Bitcoin to cover electricity costs, but a complete sell-off is pretty rare. Plus, as a publicly listed company, Bitdeer isn’t exactly strapped for cash—they still have a market cap of $1.8 billion. This kind of full liquidation move is honestly a bit of a bad look.