Bitdeer Strategy Chief Buys $221,000 of Stock After 20% Slide
AI-generated image: synthetic visual, not an actual depiction of events, people, or locations.
Key Takeaways
- Haris Fozan Basit acquired 25,000 Class A ordinary shares on August 14.
- The shares were purchased at an average price of $8.84.
- Total holdings following the transaction reached 35,000 shares.
Bitdeer (NASDAQ: BTDR) Chief Strategy Officer Haris Basit has bought $221,000 of the company’s stock after a sharp selloff, joining the CEO of Keel Infrastructure (NASDAQ: KEEL) in purchasing shares of a bitcoin miner expanding into AI infrastructure.
Basit acquired 25,000 Class A ordinary shares at $8.84 each on Friday, Aug. 14, according to a Form 4 filed Monday. The purchase increased his direct holding to 35,000 shares from 10,000.
Bitdeer shares closed Friday at $9.13, almost 20% below their Aug. 4 close. The stock rose 3.2% to about $9.43 as of 10:06 a.m. in New York on Monday, leaving it roughly 6.6% above Basit’s purchase price, according to market data.
The sharpest leg of the decline came on Aug. 10, when Bitdeer fell 20% after releasing second-quarter results and registering as much as $1 billion of stock for sale through an at-the-market program.
