EddieJayonCrypto
13 Mar 25
Bitdeer, a publicly traded Bitcoin miner, has increased its Bitcoin holdings by about 75% since the beginning of the year, with a total of 1,039 Bitcoin valued at nearly $87 million. The company's self-mining activity produced 110 Bitcoin in February, down from 126 BTC in January, attributed to fewe...
Bitdeer, a publicly traded Bitcoin miner, has increased its Bitcoin holdings by about 75% since the beginning of the year, with a total of 1,039 Bitcoin valued at nearly $87 million. The company's self-mining activity produced 110 Bitcoin in February, down from 126 BTC in January, attributed to fewer days in the month. Bitdeer also provides cloud hash subscription and hosted mining solutions, with self-mining accounting for one-third of its business ventures. Other publicly traded Bitcoin miners, MARA and Riot Platforms, hold 45,659 BTC and 18,692 BTC, respectively.
Bitdeer now meets the threshold outlined by Bitwise for its newly launched ETF that tracks publicly traded companies with Bitcoin holdings, but Bitwise has not indicated plans to add the firm's shares. Bitdeer, trading as BTDR on the Nasdaq Exchange, closed up 1.32% at $10.71 per share. The company reported a fourth-quarter loss of $532 million, leading to a 20% drop in its stock price. Tether owns a 25% stake in Bitdeer, which has seen its shares decrease by over 50% year-to-date but jump by 70% over the last 12 months.