Crypto miner Bitdeer invests $4m in Bitcoin amid price decline
Bitdeer’s shares increased 0.6% after hours while the Crypto Miner has invested $ 4 million in Bitcoin despite the drop in prices.
The Bitdeer cryptocurrency extraction company has acquired millions of people in Bitcoin (BTC) because the cryptocurrency continues to negotiate lower from its summit of all time which was set at the end of January.
In A post X On February 28, the company based in Singapore said that it had acquired 50 BTC at an average price of $ 81,475. With the latest purchase, Bitdeer seems to have more than 640 BTC, representing 0.003% of the total Bitcoin power supply, Bitbo data shows.
Meanwhile, Bitcoin continues to slip, falling below $ 80,000 Friday and seated at $ 78,770 at the time of the press. The wider market of cryptography does not reproduce much better, total market capitalization drops by more than 8%, because the main tokens are struggling.
This purchase arrives a few weeks after Bitdeer acquired A natural gas plant of 101 MW in Alberta for $ 21.7 million. The company plans to use it for BTC extraction, with the possibility of extending to 1 GW.
In addition, Bitdeer has also received approval to build an interconnection network of 99 megawatts with an Alberta electric system operator worth around $ 30 million or $ 300,000 per MW. The 99 MW grid of the Datacenter capacity will be used to extract more bitcoin.
Data from Tradingview The shows in early February, the total market capitalization of cryptography was still 3.1 billions of dollars, but he dive on February 24 and fell at levels as low as 2.5 billions of dollars. Since then, the overall market capitalization of cryptography has not yet gone to the threshold of 3 billions of dollars, which indicates that the market has not recovered from the recent accident.
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