Bitdeer Technologies (BTDR) said it bought 50 bitcoin (BTC), taking the accidental to physique its stash arsenic the terms of the largest cryptocurrency looked acceptable for its worst period since June 2022.
In a tweet, the bitcoin mining institution said it paid an mean of $81,475 per bitcoin.
This acquisition takes Bitdeer's full bitcoin treasury to 855 BTC worthy astir $69 million, according to information from Bitcoin Treasuries.
The company's shares fell 0.64% astatine the unfastened to conscionable beneath $11 arsenic bitcoin and the broader crypto dropped 4% implicit 24 hours. The crypto marketplace rallied astatine the commencement of U.S. trading hours, taking BTC supra $82,000.