28-2-2025 – Singapore-based mining firm Bitdeer Technologies has seized upon recent market volatility to expand its cryptocurrency reserves, acquiring an additional 50 bitcoin as the digital asset faces what could become its most challenging monthly performance since mid-2022.
The NASDAQ-listed company (BTDR) disclosed the strategic purchase via social media, revealing it had secured the assets at an average price of $81,475 per coin. This latest acquisition bolsters Bitdeer’s total bitcoin treasury to 855 BTC, representing approximately $69 million in value according to tracking data from Bitcoin Treasuries.
Despite this confident move to accumulate during market weakness, Bitdeer’s own share price reflected broader cryptocurrency market sentiment, opening 0.64% lower at just under $11. This decline coincided with bitcoin and the wider digital asset market experiencing a 4% contraction over the preceding 24-hour period.
Market conditions showed signs of improvement, however, as American trading commenced, with bitcoin recovering ground to push above the $82,000 threshold. This partial recovery came as welcome relief following what analysts have identified as potentially bitcoin’s poorest monthly showing since June 2022.
