Bitcoin Profit-Taking Continues as BTC Price Nears High. Is Bhutan Next to Sell? [Yahoo! Finance]
Bitdeer Technologies Group (BTDR)
Company Research
Source: Yahoo! Finance
The largest cryptocurrency surpassed $73,000 on Tuesday, approaching its record high, with many investors selling to lock in gains as 99.7% of the circulating supply was in profit. The Bhutan government, which holds over $900 million worth of bitcoin {{BTC}}, moved a chunk of its holdings to exchanges on Tuesday, according to Arkham Intelligence , sparking speculation it is on the verge of selling some of its stash in a move that may weigh on market prices. Bhutan moved $65 million worth of bitcoin to crypto exchange Binance late Tuesday as the largest cryptocurrency neared a lifetime peak above $73,500, Arkham data shows. BTC dropped to around $72,400 as of mid-morning in London, according to CoinDesk Indices. The tiny, picturesque Southeast Asian nation emerged as a BTC whale — an influential holder of the asset — earlier this year after Arkham identified wallets belonging to Bhutan for the first time, making it the second nation after El Salvador to officially hold BTC. Th
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News
- Bitdeer Announces Proposed Private Placement of US$360.0 Million of Convertible Senior NotesGlobeNewswire
- Bitdeer Technologies Group Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Bitdeer Technologies: Managing The New Economics Of Bitcoin Mining (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Bitdeer Technologies Group (NASDAQ: BTDR) had its price target raised by analysts at Rosenblatt Securities from $9.00 to $17.00. They now have a "buy" rating on the stock.MarketBeat
- Bitdeer Technologies Group (NASDAQ: BTDR) had its price target raised by analysts at Roth Mkm from $14.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
BTDR
Earnings
- 11/18/24 - Miss
BTDR
Sec Filings
- 11/18/24 - Form 6-K
- 11/7/24 - Form SC
- 11/7/24 - Form 6-K
- BTDR's page on the SEC website