Bitdeer Expands Bitcoin Holdings by 75% Amid Market Uncertainty

SINGAPORE — Bitdeer Technologies significantly boosted its bitcoin (BTC) holdings by nearly 75% over the past two months, increasing its reserves from 594 BTC in December 2024 to 1,039 BTC by February 2025. This surge follows requests from customers to delay payments for SEALMINER A2 units amid the cryptocurrency’s recent price decline.

As a result of this strategy, Bitdeer now ranks among the top bitcoin miners with substantial BTC treasuries, although it still lags behind larger holders like Marathon Digital Holdings and Riot Platforms, which boast 46,374 BTC and 18,692 BTC respectively.

Bitdeer’s focus on advancing its bitcoin mining technology is evident, as the company recently highlighted the impressive energy efficiency of its new A3 miner. Despite an increased focus on self-production of BTC, the company reported a net loss of $531.9 million for the fourth quarter, largely due to continued investment in mining infrastructure.

In February alone, Bitdeer mined 110 BTC, a decrease from 126 BTC in January, attributed to the shorter month. This slight decline comes despite a rise in its proprietary hash rate, which increased to 9.4 exahashes per second (EH/s) from 8.9 EH/s in December.

As of March 12, 2025, Bitdeer’s shares rose slightly to $10.66 in Nasdaq trading. This upward trend follows increased investment interest against the backdrop of a fluctuating cryptocurrency market.

Other companies are also capitalizing on Bitcoin’s volatility. Rumble, for example, recently purchased 188 BTC for $17.1 million, aligning with their strategy to invest as much as $20 million of its reserves in Bitcoin. CEO Chris Pavlovski remarked on the investment, stating, “These holdings have the potential to serve as a valuable hedge against inflation.”

Additionally, Metaplanet, another player in the Bitcoin landscape, surpassed 3,000 BTC in holdings and plans to accumulate a total of 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. The firm recently acquired 162 BTC at a price of ¥12.39 million ($83,635) each, adding to its growing reserve valued at nearly $250 million.

As the Bitcoin market continues to evolve, companies like Bitdeer and Rumble are closely watching market conditions as they weigh further potential purchases. The growing interest in Bitcoin among corporate entities aligns with the launch of the Bitwise Bitcoin Standard Corporations ETF, which tracks firms holding substantial BTC reserves.

Matt Hougan, chief investment officer of Bitwise, summarized the motivation for companies accumulating Bitcoin, noting, “These companies perceive bitcoin as a strategic reserve asset that’s liquid and scarce — and not subject to the whims or money printing of any government.”