₿$70,744.08▼ 2.96%
Bitdeer Technologies Group
BTDR🇸🇬Reserve
Bitcoin mining and AI cloud technology company headquartered in Singapore. Bitdeer designs proprietary ASIC mining chips (SEAL series) and operates data centers in the US, Bhutan, and Norway. BTC was accumulated through self-mining operations and sold in early 2026 to fund AI and HPC expansion.
BTC Holdings
51 BTC
180d
Stock Price
$10.76
180d
Total financing
1.14B USD
180d
mNAV
977.37x
180d
Leverage
27511.5%
180d
BTC Credit
>9,999 bps0.0x
Sats/Share
16
180d
Mkt capFD
3.53B USD
SharesFD
327.72M
Fiat reserve
149.40M USD
Total reserve
153.01M USD
Dilution
33.7%
Coverage
0.1 yr
BTC mix
0%
Analytics
BTC Coverage
Financials
IFRSAnnualAs of 2025-12-31
Balance Sheet
Total Assets$2.8B▲80.0%
Total Liabilities$1.9B▲51.2%
Stockholders' Equity$867.8M▲213.7%
Cash & Equivalents$149.4M▼68.6%
Total Debt$1B▲381.0%
Digital Assets$83.1M▲7.2%
Income Statement
Revenue$620.3M▲77.3%
Operating Income—
Net Income$65.6M▲110.9%
Interest Expense$88.9M▲399.9%
Cash Flow
Operating Cash Flow$-1.7B▼177.1%
Instruments
BTDR-Aug29
Aug '24 – Aug '29
Coupon
8.5%
Principal
172.50M USD
Outstanding
22.00M USD
Conv. price
8.55 USD
BTC Rating
>10x
BTDR-Dec29
Nov '24 – Dec '29
Coupon
5.25%
Principal
400.00M USD
Outstanding
65.00M USD
Conv. price
15.95 USD
BTC Rating
>10x
BTDR-Jul31
Jun '25 – Jul '31
Coupon
4.875%
Principal
330.00M USD
Outstanding
330.00M USD
Conv. price
15.88 USD
BTC Rating
0.0x
BTDR-Nov31
Nov '25 – Nov '31
Coupon
4%
Principal
400.00M USD
Outstanding
400.00M USD
Conv. price
17.77 USD
BTC Rating
0.0x
BTDR-Mar32
Feb '26 – Mar '32
Coupon
5%
Principal
325.00M USD
Outstanding
325.00M USD
Conv. price
9.93 USD
BTC Rating
0.0x
Total
1.14B USD
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| BTDR-Aug29 | Aug '24 – Aug '29 | 8.5% | 172.50M USD | 22.00M USD | 8.55 USD | >10x |
| BTDR-Dec29 | Nov '24 – Dec '29 | 5.25% | 400.00M USD | 65.00M USD | 15.95 USD | >10x |
| BTDR-Jul31 | Jun '25 – Jul '31 | 4.875% | 330.00M USD | 330.00M USD | 15.88 USD | 0.0x |
| BTDR-Nov31 | Nov '25 – Nov '31 | 4% | 400.00M USD | 400.00M USD | 17.77 USD | 0.0x |
| BTDR-Mar32 | Feb '26 – Mar '32 | 5% | 325.00M USD | 325.00M USD | 9.93 USD | 0.0x |
| Total | 1.14B USD | |||||
Recent Changes
Sat, Feb 28, 2026
BTC Holdings
0→51+51 BTC
Form 6-K (February 2026 production update)
Thu, Feb 26, 2026
Shares Outstanding
239.6M→245.1M+5.5M(+2.3%)
196,655,192 Class A (191,152,162 + 5,503,030 equity offering) + 48,399,922 Class V
Form 6-K (convertible notes closing & equity offering)Tue, Feb 24, 2026
Debt OutstandingRepurchaseBTDR-Dec29
200.0M→65.0M-135.0M(-67.5%)
$135M face repurchased for ~$138.2M cash concurrent with Feb 2026 offering
$325M 5.00% Convertible Senior Notes due 2032Debt OutstandingIssuanceBTDR-Mar32
325.0M
$325M 5.00% Convertible Senior Notes due 2032
Sat, Feb 21, 2026
BTC Holdings
943.1→0-943.1 BTC(-100.0%)
BTC Holdings Tracker
Mon, Feb 16, 2026
BTC Holdings
1.0K→943.1-96.4 BTC(-9.3%)
BTC Holdings Tracker
Sat, Feb 7, 2026
BTC Holdings
1.5K→1.0K-490.5 BTC(-32.1%)
BTC Holdings Tracker
Sat, Jan 31, 2026
BTC Holdings
1.5K→1.5K+4 BTC(+0.3%)
BTC Holdings Tracker
BTC Holdings
1.5K→1.5K+21.6 BTC(+1.4%)
Form 6-K (January 2026 production update)
Fri, Jan 23, 2026
BTC Holdings
1.5K→1.5K+2.3 BTC(+0.2%)
BTC Holdings Tracker
Tue, Jan 20, 2026
BTC Holdings
1.9K→1.5K-398.8 BTC(-21.0%)
BTC Holdings Tracker
Mon, Jan 12, 2026
BTC Holdings
2.0K→1.9K-99.1 BTC(-5.0%)
BTC Holdings Tracker
Mon, Jan 5, 2026
BTC Holdings
2.0K→2.0K-17 BTC(-0.8%)
BTC Holdings Tracker
Wed, Dec 31, 2025
BTC Holdings
2.0K→2.0K+18.7 BTC(+0.9%)
Form 6-K (December 2025 production update)
Shares Outstanding
192.3M→239.6M+47.2M(+24.6%)
191,152,162 Class A + 48,399,922 Class V (assumed unchanged)
Q4 & FY2025 Financial Results