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Bitdeer Buys the Bitcoin Dip With BTC Price Set for Worst Month in 3 Years
Bitdeer currently holds 855 BTC, valued at approximately $69 million.
Updated Feb 28, 2025, 5:58 p.m. Published Feb 28, 2025, 3:07 p.m.
What to know:
- Bitdeer said it bought 50 BTC at an average price of $81,475
- The company added to its bitcoin treasury as the price of the largest cryptocurrency is on track for its worst month since June 2022.
- Bitdeer shares fell 0.64% at the start of trading on Friday.
Bitdeer Technologies (BTDR) said it bought 50 bitcoin , 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.
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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.
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