Bitdeer Expands Bitcoin Holdings as BTC Faces Steepest Monthly Decline Since 2022
Bitcoin mining firm Bitdeer Technologies (BTDR) has added 50 BTC to its holdings, capitalizing on the price dip as the leading cryptocurrency heads for its worst monthly performance since June 2022.
In a social media post, Bitdeer disclosed that it acquired the new bitcoin at an average price of $81,475 per BTC. This latest purchase brings the company’s total bitcoin reserves to 855 BTC, valued at approximately $69 million, according to Bitcoin Treasuries data.
Despite the acquisition, Bitdeer’s stock opened 0.64% lower, trading just below $11, as bitcoin and the broader crypto market saw a 4% decline over the past 24 hours. However, sentiment shifted as U.S. markets opened, briefly pushing BTC back above $82,000.
