Bitdeer Buys the Bitcoin Dip With BTC Price Set for Worst Month in 3 Years
Bitdeer Technologies (BTDR) said it bought 50 bitcoin (BTC), taking the opportunity to build its stash as the price of the largest cryptocurrency looked set for its worst month since June 2022.
In a tweet, the bitcoin mining company said it paid an average of $81,475 per bitcoin.
This purchase takes Bitdeer’s total bitcoin treasury to 855 BTC worth approximately $69 million, according to data from Bitcoin Treasuries.
The company’s shares fell 0.64% at the open to just below $11 as bitcoin and the broader crypto dropped 4% over 24 hours. The crypto market rallied at the start of U.S. trading hours, taking BTC above $82,000.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Recent Posts
Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats
Bullish crypto bets lost over $500 million in the past 24 hours as traders took…
Stealth Bitcoin Bull Run Ahead: Fidelity Says Do Not Blink
Fidelity Digital Assets chose a single post on X to frame its latest research note:…
Bitcoin Extreme Greed Is Here—Time To Be A Contrarian?
Data shows the Bitcoin market sentiment has broken into the extreme greed territory following the…
Bitcoin Buyers Regain Control – Spot CVD Flashes Bullish Shift Above $110,000
As Bitcoin (BTC) hit a new all-time high (ATH) of $111,980 on Binance crypto exchange…
Strategy Slumps 6%, Leading Crypto Names Lower as Bitcoin Treasury Strategies Are Questioned
Crypto stocks suffered a red day on Friday, especially bitcoin BTC treasury companies such as…
Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K
Bitcoin futures open interest has climbed to fresh record highs this week. Traders have piled…