Bitdeer Seizes the Opportunity, Buying Bitcoin Amid Its Steepest Monthly Drop Since 2022

Bitdeer Increases Bitcoin Holdings Amid Market Slump

Bitdeer Technologies (BTDR) has taken advantage of Bitcoin’s latest downturn, purchasing 50 BTC as the cryptocurrency faces its steepest monthly drop since June 2022.

The Bitcoin mining firm revealed that it acquired the new BTC at an average price of $81,475 per coin. This addition brings Bitdeer’s total Bitcoin holdings to 855 BTC, currently valued at approximately $69 million, according to Bitcoin Treasuries data.

Despite the accumulation, Bitdeer’s stock opened 0.64% lower, trading just under $11, following a broader crypto market decline of 4% over the past 24 hours. However, as U.S. markets opened, Bitcoin rebounded above $82,000, signaling potential buying interest.