Bitdeer Buys the BTC Dip With Bitcoin Price Set for Steepest Monthly Drop in 3 Years

Bitdeer Technologies (BTDR) mentioned it purchased 50 bitcoin (BTC), taking the alternative to construct its stash as the value of the largest cryptocurrency regarded set for its worst month since June 2022.

In a tweet, the bitcoin mining firm mentioned it paid a mean of $81,475 per bitcoin.

This buy takes Bitdeer’s complete bitcoin treasury to 855 BTC value roughly $69 million, in keeping with knowledge from Bitcoin Treasuries.

The firm’s shares fell 0.64% at the open to only beneath $11 as bitcoin and the broader crypto dropped 4% over 24 hours. The crypto market rallied at the begin of U.S. buying and selling hours, taking BTC above $82,000.