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Keel Infrastructure, the Nasdaq-listed miner formerly known as Bitfarms, sold its entire 2,261-coin Bitcoin (BTC) reserve last quarter and has adopted a daily sales model, selling every coin it mines on the same day going forward. The company is shifting away from holding BTC on its balance sheet, a move that raises questions about whether the miner still functions as a Bitcoin stock.
Keel Infrastructure Sells Entire Bitcoin Reserve, Adopts Daily Sales Model
Keel Infrastructure, the Nasdaq-listed miner formerly known as Bitfarms, has sold its entire Bitcoin reserve and will sell mined coins daily, according to a report from thecurrencyanalytics.com.
Reserve Sold
The company liquidated a reserve of 2,261 Bitcoin (BTC) last quarter, the report said.
Shift to Daily Sales
Under the new approach, Keel will sell the coins it mines on the same day going forward, moving away from holding BTC on its balance sheet.
Questions for Investors
The change raises questions about whether the miner still functions as a Bitcoin stock, given its departure from a strategy of accumulating mined coins.
- Reserve sold: 2,261 BTC
- New policy: Daily sales of mined coins
- Listing: Nasdaq
- Prior name: Bitfarms
The report was published on November 5, 2026, and covers Bitcoin (BTCUSD).