BTC
$82,816.46
–
3.11%
ETH
$2,183.00
–
6.00%
USDT
$1.0002
+
0.00%
XRP
$2.1244
–
3.41%
BNB
$585.27
–
3.54%
SOL
$144.80
+
3.54%
USDC
$1.0006
+
0.01%
DOGE
$0.1942
–
7.35%
ADA
$0.6248
–
6.48%
TRX
$0.2287
+
0.06%
WBTC
$82,720.42
–
3.26%
LTC
$125.39
–
2.79%
LINK
$14.44
–
6.42%
AVAX
$21.52
–
5.76%
LEO
$9.2498
+
1.30%
SUI
$2.7656
–
3.32%
HBAR
$0.2030
+
0.42%
XLM
$0.2762
–
4.17%
TON
$3.3260
–
3.29%
SHIB
$0.0₄1367
–
6.54%
By James Van Straten|Edited by Sheldon Reback
Feb 28, 2025, 3:07 p.m. UTC
What to know:
- Bitdeer said it bought 50 BTC at an average price of $81,475
- The company added to its bitcoin treasury as the price of the largest cryptocurrency is on track for its worst month since June 2022.
- Bitdeer shares fell 0.64% at the start of trading on Friday.
Bitdeer Technologies (BTDR) said it bought 50 bitcoin (BTC), taking the opportunity to build its stash as the price of the largest cryptocurrency looked set for its worst month since June 2022.
In a tweet, the bitcoin mining company said it paid an average of $81,475 per bitcoin.
STORY CONTINUES BELOW
This purchase takes Bitdeer’s total bitcoin treasury to 855 BTC worth approximately $69 million, according to data from Bitcoin Treasuries.
The company’s shares fell 0.64% at the open to just below $11 as bitcoin and the broader crypto dropped 4% over 24 hours. The crypto market rallied at the start of U.S. trading hours, taking BTC above $82,000.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
