Bitdeer: The Crypto Gambler Stays in the Game While Everyone Else Panics 😲

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So, here we go again! Bitdeer, this crypto mining firm, has decided to gamble $4 million on Bitcoin. Why? I don’t know! Maybe they think this is a game of poker, and everyone’s holding lousy hands. 🎲

Apparently, their shares rose a whopping 0.6% after hours. 🤔 Because nothing says “success” like chump change while everyone else is watching Bitcoin prices slide faster than Larry’s dating life! That’s right, it’s down more than a bad soufflĂŠ!

Now, our pals at Bitdeer have snagged themselves 50 BTC at an eye-watering average price of $81,475 each. I mean, who’s paying that? Is there a sale at the ‘everything must go’ store? 🏷️ And it looks like they’re now holding over 640 BTC. That’s just 0.003% of the total Bitcoin supply. It’s basically a speck of dust in a giant Bitcoin room!

“Today, we acquired 50 more #BTC at a price of $81,475 each. #Bitcoin #BitcoinHoldings #BTC #btcmining $BTDR” — Bitdeer (@BitdeerOfficial) February 28, 2025

Meanwhile, Bitcoin’s taking a nosedive, resting comfortably below $80,000 on Friday, at a downright cozy $78,770. 💔 The broader crypto market is also feeling like it just ate a week-old sandwich—totally on the decline, down over 8%!

Oh, and get this: just weeks ago, Bitdeer bought a 101 MW natural gas plant in Alberta for $21.7 million. I guess they’re planning to convert gas to Bitcoin? If only I could turn my leftovers into a golden Bitcoin! 🥡💰

They’re also building a 99 MW interconnection grid, worth around $30 million or $300,000 per MW. At this rate, they’ll be mining Bitcoin like it’s going out of style!

Data from TradingView shows that at the beginning of February, the total crypto market cap was strutting at $3.1 trillion. Then, it decided to dive like it’s auditioning for a part in a disaster movie, plummeting to $2.5 trillion. Ouch! Talk about a crash diet that nobody wanted to join! 🚀

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2025-02-28 11:58