1. PixelPlaygroundHome
  2. Web3 News

Business Merger Between Bitdeer and Blue Safari Approved by SEC

• Web3 News • 105 views

On March 28th, the United States Securities and Exchange Commission (SEC) approved the proposed business merger between Bitdeer and Blue Safari, a special purpose acquisition compa

Business Merger Between Bitdeer and Blue Safari Approved by SEC

On March 28th, the United States Securities and Exchange Commission (SEC) approved the proposed business merger between Bitdeer and Blue Safari, a special purpose acquisition company. The business merger valued Bitdeer at approximately $1.18 billion. After the business merger is completed, the merged company BTG will become a NASDAQ listed company under the stock code BTDR.

Bitter Deer is about to be listed on NASDAQ through SPAC, with a valuation of approximately $1.18 billion

On March 28th, the United States Securities and Exchange Commission (SEC) approved the proposed business merger between Bitdeer and Blue Safari, a special purpose acquisition company. The business merger valued Bitdeer at approximately $1.18 billion. After the business merger is completed, the merged company BTG will become a NASDAQ listed company under the stock code BTDR.

Introduction

The world of cryptocurrency has seen a lot of mergers and acquisitions in recent times. One of the latest ones is the business merger between Bitdeer and Blue Safari, which was recently approved by the United States Securities and Exchange Commission (SEC). This merger marks a significant milestone for Bitdeer and Blue Safari, as it will elevate both companies to new heights in the cryptocurrency world.

About Bitdeer

Founded in 2018, Bitdeer is a leading cloud mining platform that enables users to mine cryptocurrencies without having to invest in expensive equipment. The platform offers a wide range of mining packages that cater to users of all skill levels, making it accessible and easy for anyone to mine cryptocurrencies.

About Blue Safari

Blue Safari is a special purpose acquisition company (SPAC) that aims to acquire and merge with a company in the tech industry. The company was founded in 2020 and has been on the lookout for potential mergers and acquisitions that can help grow its portfolio.

The Business Merger

The business merger between Bitdeer and Blue Safari was first announced back in December 2020. The deal was aimed at making Bitdeer a publicly-traded company in the United States. After months of negotiations and due diligence, the SEC finally approved the merger on March 28th, 2021.

The Valuation

The business merger between Bitdeer and Blue Safari valued Bitdeer at approximately $1.18 billion. This valuation is significant as it reflects the growing popularity and importance of cryptocurrencies in the global economy. It also reflects the potential growth and profitability of Bitdeer as a company.

The Future of BTG

After the business merger is completed, the merged company BTG will become a NASDAQ listed company under the stock code BTDR. This move will make BTG one of the first publicly-traded cryptocurrency mining companies in the United States. It will also enable the company to raise funds through public offerings, which can help fuel its growth and expansion plans.

Conclusion

The business merger between Bitdeer and Blue Safari is a significant development in the world of cryptocurrency. It reflects the growing importance and popularity of cryptocurrencies in the global economy, and shows how companies like Bitdeer are leading the charge towards a more decentralized financial system. The future of BTG looks bright, and we can expect to see more mergers and acquisitions in the cryptocurrency industry as it continues to evolve and mature.

FAQs

1. What is Bitdeer?
Bitdeer is a leading cloud mining platform that enables users to mine cryptocurrencies without having to invest in expensive equipment.
2. What is Blue Safari?
Blue Safari is a special purpose acquisition company (SPAC) that aims to acquire and merge with a company in the tech industry.
3. What is the valuation of Bitdeer after the business merger?
The business merger between Bitdeer and Blue Safari valued Bitdeer at approximately $1.18 billion.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/10977/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/28/2023 01:31
Next 03/28/2023 02:06

Recommended articles