Bitdeer announces new $2 million stock buyback program
Bitdeer Technology Group (NASDAQ stock code: BTDR), a cryptocurrency mining company, announced today that its board of directors has approved a new stock repurchase plan. Under the plan, the company can repurchase up to $2,000,000 worth of its Class A common stock ("shares"). Under the share repurchase plan, Bitdeer can purchase its shares through various means, including open market transactions, private negotiations, any combination thereof, or other legally permissible means. The company may conduct repurchase transactions in accordance with amended Sections 10b5-1 and 10b-18 of the Securities Exchange Act of 1934. The number of shares repurchased and the timing of the repurchase will depend on various factors, including but not limited to price, trading volume, general market conditions, Bitdeer's operating cash needs, general business conditions, and other factors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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