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.
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.