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]
In this week’s Crypto Long & Short Newsletter, Dovile Silenskyte provides an alternative to the…
Bitcoin held by so-called conviction buyers has surged to nearly 4 million BTC, a roughly…
Bitcoin Magazine Bitcoin Suisse Secures Bermuda Regulatory Approvals for International Digital Asset Expansion Bitcoin Suisse…
U.S. PPI surged well above forecasts in April, reviving concerns that rising oil prices and…
Bitcoin Magazine $11.77 Trillion Brokerage Giant Charles Schwab Launches Spot Bitcoin Trading Platform Charles Schwab…
Your day-ahead look for May 13, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]