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.
Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism.
With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.
