Story

On air. The free wire runs 15 minutes behind live. See pricing

World, crypto, finance and tech news, scored for impact.

BitcoinBeInCryptoFiled 35 h ago

Nasdaq-Listed Bitfarms Sold All Its BTC: Is It Still a Bitcoin Stock?

Open the sourceReported by BeInCrypto, beincrypto.com, 5 November 2026, by Lockridge Okoth
Impact 45 of 100, routine

Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.

Nasdaq-listed Bitfarms, now rebranded as Keel, has liquidated its entire Bitcoin treasury and will sell all coins mined daily rather than holding them on its balance sheet. The move severs the company's direct exposure to BTC price appreciation, leaving its stock tied to mining economics—hashrate, power costs and production margins—rather than token holdings. It matters because publicly traded miners have increasingly been valued on their BTC stacks, and Keel's shift to a daily-sale model removes that store-of-value component from its equity story. Watch whether other listed miners follow with similar treasury drawdowns, and whether Keel's shares decouple from Bitcoin's price as investors reprice it as a pure operating business.

Muhabbit's AI wrote this summary in its own words from BeInCrypto's report. It can get details wrong, so check the source.

Named in this story

Bitfarms, Keel, Bitcoin (BTC)

A linked name opens that asset's sentiment page.