Bitdeer, a Singapore-based company listed on Nasdaq, recently purchased 100 BTC amid falling revenue. The purchases were made on Feb. 25 and 27 at prices of $90,280 and $81,475, respectively. Bitdeer also completed a $9 million share buyback program and launched a $20 million share repurchase program. The company's revenue has been declining due to factors like the Bitcoin halving and increased global hash rate. Bitdeer is focused on developing application-specific integrated circuits (ASIC), with its SEAL02 chip expected to be released in Q3 2024. Bitdeer CEO Jihan Wu has committed to selling up to 4 million ordinary shares by June 2025.



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