TechFlow reported that Bitdeer Technologies Group, a mining company under Wu Jihan, today released its prospectus, planning to offer up to 150 million Class A ordinary shares with a par value of $0.0000001 per share for resale from time to time by B. Riley Principal Capital II, LLC, a Delaware-based entity.
Bitdeer stated: "We will not sell any securities pursuant to this prospectus and will not receive any proceeds from the sale by the selling security holders of our Class A ordinary shares. However, pursuant to a purchase agreement, we may elect, following the date of this prospectus, to sell our Class A ordinary shares to B. Riley Principal Capital II under the purchase agreement, which could result in aggregate gross proceeds of up to $150,000,000."
According to the latest equity disclosure data from Futu, as of August 31, three institutional investors have increased their stakes in Bitdeer (Nasdaq ticker: BTDR), including BlackRock, First Trust Advisors L.P., and Credit Suisse Asset Management. BlackRock, the world's largest asset management firm, holds a total of 99,810 BTDR shares, and BTDR has been included in multiple ETFs managed by BlackRock. First Trust, which provides investment products and advisory services, holds 46,680 BTDR shares. Credit Suisse Asset Management currently holds 13,850 BTDR shares. The top institutional shareholders of BTDR are Sequoia Capital China and Sequoia Capital Operations, holding 3.63% and 1.15% of the shares, respectively.
Market data shows that BTDR's stock price has risen 4.86% today.
