Today in crypto, Bitcoin miner Bitdeer liquidated all Bitcoin holdings, Robinhood’s head of crypto says that crypto investors are exploring more cryptocurrencies despite the market downfall. Meanwhile, US President Donald Trump raises global tariff rate to 15%.
Bitcoin miner Bitdeer dumps entire BTC reserves, holdings drop to zero
Bitcoin mining firm Bitdeer has sold all of its corporate Bitcoin holdings, reducing its treasury balance to zero, according to the company’s latest operational update.
In its latest weekly report, Bitdeer disclosed that its “pure holdings,” excluding customer deposits, have fallen to 0 Bitcoin (BTC). The report shows the company produced 189.8 BTC during the period and sold the full amount, alongside an additional 943.1 BTC, which was liquidated from its existing treasury reserves.
In its earlier update on Feb. 13, the miner still held 943.1 BTC, selling 179.9 BTC out of 183.4 BTC mined that week, leaving its treasury intact despite routine sales of newly mined coins.
Mining firms commonly sell a portion of production to fund electricity, hosting and equipment costs, but they also maintain a treasury balance to keep exposure to Bitcoin’s price appreciation. Fully liquidating reserves is less typical.
Crypto investors' interest moves ‘pretty wide’ beyond majors as dip drags: Exec
Crypto investors are increasingly exploring beyond the top three cryptocurrencies as the market downturn continues, according to Robinhood's head of crypto, Johann Kerbrat.
“I think what we see from our customers is that they actually see it as an opportunity,” Kerbrat told Cointelegraph during an exclusive interview, adding that they are seeing it as “an opportunity to buy the dip.”
“So we actually see a lot of customers continuing to trade crypto and diversifying, not just on the top two or three assets, but actually going pretty wide,” he said, referring to the largest two cryptocurrencies by market capitalization, Bitcoin and Ether.
It signals that investors are potentially becoming more comfortable with crypto as an asset class, including its volatility and market swings.
US President Donald Trump raises global tariff rate to 15%
United States President Donald Trump announced a 5% increase to the global tariff rate announced on Friday, raising the tariff rate to 15%, which will be added on top of already existing, legally valid tariffs.
The news followed the Supreme Court’s decision striking down Trump’s authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA). Trump said on Saturday:
“As President of the United States of America, I will be, effective immediately, raising the 10% worldwide tariff on countries, many of which have been ‘ripping’ the US off for decades, without retribution, until I came along, to the fully allowed, and legally tested, 15% level.”
Crypto markets and other risk-on assets typically experience sharp downturns whenever a new round of tariffs is announced. However, crypto markets held firm and have barely reacted to the latest tariff announcements from Trump.
