Bitdeer sells all Bitcoin, Metaplanet rejects misconduct claims: Asia Express

CoinTelegraph

by Yohan Yun

February 24, 2026

AI-Generated Deep Dive Summary

The Asian crypto landscape has seen significant developments this week. Notably, Bitdeer, a prominent Bitcoin miner based in Singapore, has liquidated its entire corporate Bitcoin treasury, reducing its holdings to zero. This move comes after the miner held 943.1 BTC just one week prior and 2,470 BTC in November. Bitdeer aims to expand into AI infrastructure and is exploring land acquisition opportunities, citing liquidity preparation as a key reason for the sale. Despite this shift, the company remains committed to Bitcoin mining, with its next halving expected around April 2028. In another major development, SBI Holdings, one of Japan's largest financial groups, announced plans to launch its first security token corporate bond on Osaka Digital Exchange’s START platform in March. Investors purchasing these bonds during the offering period will receive XRP as a promotional incentive. This marks a significant step for SBI in the crypto space, particularly given its longstanding involvement with Ripple and the XRP Ledger. Meanwhile, Metaplanet has refuted allegations of misrepresentation regarding its Bitcoin strategy and disclosures. The company, which holds the fourth-largest Bitcoin stash among publicly traded firms, acquired 11,832 BTC in September alone. CEO Simon Gerovich emphasized that all Bitcoin purchases were fully disclosed and denied any misconduct. The week also brought regulatory challenges for KuCoin, with Thailand's securities regulator extending its deadline to address capital deficiencies until March 30. Additionally, the exchange faces pressure from Austria’s Financial Market Authority, which has suspended new customer onboarding and ordered compliance improvements to prevent money laundering. These developments highlight ongoing regulatory scrutiny in Asia’s crypto sector. Lastly, a mysterious hacker returned stolen Bitcoin to South Korea’s Gwangju District Prosecutors’ Office, which had lost 320.88 BTC in 2025. While the intent behind this return remains unclear, it has temporarily缓解d concerns about crypto-related legal and security challenges in the region. These events underscore the dynamic and evolving nature of Asia's crypto ecosystem, with both opportunities and risks shaping the industry’s future.

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Originally published on CoinTelegraph on 2/24/2026