Bitdeer Boosts Bitcoin Holdings with $4 Million Purchase

Bitcoin mining company Bitdeer has made waves in the crypto space by increasing its Bitcoin holdings by 50 BTC, a move announced via a tweet today. According to a February 28 report from PANews, the Singapore-based firm purchased the coins at $81,475 each, totaling approximately $4.07 million. This acquisition brings Bitdeer’s total Bitcoin stash to 1,011 BTC, underscoring its confidence in the leading cryptocurrency’s long-term value.The purchase comes amid a dynamic market landscape, with Bitcoin’s price hovering around key levels and institutional interest steadily rising. Bitdeer, a Nasdaq-listed player known for its blockchain and high-performance computing innovations, continues to strengthen its position in the mining sector. This strategic accumulation aligns with the company’s broader growth efforts, including recent expansions like its $21.7 million power project acquisition in Alberta, Canada, aimed at vertical integration.Analysts see this as a bullish signal, reflecting Bitdeer’s belief in Bitcoin’s resilience despite market volatility. With its operational footprint spanning the U.S., Norway, and Bhutan, Bitdeer’s latest move could inspire other miners to bolster their treasuries. Investors are watching closely as the firm navigates 2025’s evolving crypto terrain.