The shares of Bitdeer stock rose 0.6% during extended trading because the company put $4 million into Bitcoin despite its falling market value. On Feb. 28 Bitdeer the Singapore crypto mining company shared on X (Twitter) that it bought 50 BTC at an average purchase price of $81,475.
Following this purchase the company now contains more than 640 BTC with ownership percentage of 0.003% from the Bitcoin supply as recorded by BiTBO data.
Today, we acquired 50 more #BTC at a price of $81,475 each. #Bitcoin #BitcoinHoldings #BTC #btcmining $BTDR pic.twitter.com/J0z1DDb8E2
— Bitdeer (@BitdeerOfficial) February 28, 2025
Bitcoin has kept falling through the week reaching a trading price below $80,000 on Friday at $78,770. The entire cryptocurrency industry shows significant weakness yet again as major tokens fail to recover and push total market value down 8% plus.
Bitdeer Bets On Bitcoin Growth
Right after obtaining the Canadian natural gas plant Bitdeer announced its Bitcoin purchase. The company wants to employ the facility for Bitcoin mining operations plus has plans to increase capacity up to 1 gigawatt.
Bitdeer strengthened its mining activities by winning approval from Alberta Electric System Operator to build a 99MW interconnection grid together. The new grid system operates at thirty million dollars and will support Bitcoin datacenter operations.
Tradingview shows that the entire cryptocurrency market held $3.1 trillion on February 1st. After the strong drop on Feb. 24 the market capitalization hit its lowest point at $2.5 trillion. The crypto market keeps losing its value because it failed to return to $3 trillion after hitting it in the past.
Bitdeer demonstrates its strong faith in Bitcoin’s potential when it keeps investing in the market slump. Through this strategy Bitdeer builds foundations to benefit from new market growth opportunities once market conditions improve. Investors stay wary of the digital asset market because Bitcoin price swings combined with ongoing financial market struggles.
Bitdeer Adapts To Regulatory Challenges
Bitdeer strengthens its worldwide mining infrastructure through Bitcoin investments that support its business growth plan. The company runs mines in different locations around the world and keeps monitoring smart ways to save energy while making more profits. When governments tighten restrictions over crypto mining Bitdeer responds by finding greener energy alternatives such as water power and natural gas to ensure its facilities keep running securely.
Enterprises stay positive about Bitcoin’s future value because it shows regular price movement in short periods. Bitcoin stays grounded in its basic advantages because major investors keep entering the market and regular people adopt this digital currency more frequently across different sectors.
Expert analysts predict Bitdeer’s mining business will profit more from the upcoming 2024 Bitcoin halving decrease due to increased Bitcoin values. Bitdeer keeps investing in Bitcoin mining even during market ups and downs because they trust in its earning power for the future.
