Bitdeer Increases Bitcoin Holdings by 75% Since the Beginning of the Year
Bitdeer, a Bitcoin mining company based in Singapore, has significantly increased its Bitcoin holdings since the beginning of 2025. According to the latest report, the company currently owns 1,039 BTC, equivalent to nearly 87 million USD, marking an increase of about 75% compared to December 2024 (when it only had 594 BTC).
Bitcoin Mining Output Slightly Decreased in February
In February, #Bitdeer mined 110 BTC, a slight decrease from 126 BTC in January. This decline is explained by the fewer days in February. Nevertheless, the company maintains strong mining operations, with self-mining accounting for one-third of total revenue, alongside cloud hashing services and hosted mining solutions.
Bitdeer Compared to Major Bitcoin Miners
Although Bitdeer's figure of 1,039 BTC is impressive, it is still far from the giants in the Bitcoin mining industry like Marathon Digital Holdings (#MARA ) with 45,659 BTC and Riot Platforms with 18,692 BTC. However, the increase in BTC holdings may help Bitdeer attract the attention of institutional investors.
Notably, the amount of Bitcoin Bitdeer holds has reached a threshold to be considered for Bitwise's new ETF – a fund that tracks companies listed that own Bitcoin. However, Bitwise has yet to take any action to add Bitdeer's shares to its portfolio.
Stock Situation and Impact from Significant Losses
Bitdeer is currently listed on the Nasdaq with the ticker #BTDR . The company’s stock closed the most recent session at 10.71 USD, up 1.32%. However, Bitdeer recently reported a loss of up to 532 million USD in Q4 2024, causing the stock price to drop by 20%.
Despite a drop of over 50% since the beginning of the year, BTDR shares have still risen 70% over the past 12 months, reflecting the strong volatility of stocks related to Bitcoin mining.
The Connection with Tether – A Strategy or Risk?
Another important piece of information is that Tether – the largest stablecoin issuer in the world – holds a 25% stake in Bitdeer. This relationship could help stabilize Bitdeer financially, but it also raises many questions about the level of influence Tether has over this mining company.
Conclusion
Bitdeer's significant increase in Bitcoin holdings indicates that the company is making a large bet on the future of BTC. However, with strong fluctuations in stock prices, large losses, and increasing scrutiny from regulators, is this strategy truly sustainable? Let's wait and see Bitdeer's next move in this volatile market.
