Bitdeer Technologies Group (BTDR) Stock: Dips 8% After $330M Convertible Notes Providing
Bitdeer Technologies Group shares dropped 8.43% to $11.63 throughout early trading on June 18, 2025. The stock attempted recovery, it stayed below the $11.75 mark throughout the session.
Bitdeer Technologies Group introduced its latest capital raise through a personal positioning of convertible notes. It consists of an option for underwriters to buy an additional $45 million in notes within 13 days. The notes bring a 4.875% interest rate and will mature in July 2031.
The business will repurchase $75.7 million in 8.50% convertible notes due 2029, offering a mix of money and 8.1 million shares.