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 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).
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
© 2025 CoinDesk, Inc.
