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Singapore-based Bitcoin miner Bitdeer is aiming to raise $330 million through a convertible notes offering, with no plans to buy additional BTC. The company’s shares have fallen sharply, extending a monthly decline of 23%.
- Bitdeer's $330M convertible notes offering excludes Bitcoin purchases, unlike competitors such as MicroStrategy.
- The firm's Bitcoin holdings surged over 100% since December, reaching 1,351 BTC worth ~$140M.
- BTDR shares dropped 7% in a day, extending a 23% monthly decline amid sector-wide miner struggles.
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