Bank of Nova Scotia increased its Bitdeer Technologies Group holdings by 91.1% during the first quarter.
A recent SEC filing reveals the bank now owns 1,369,447 shares. The position is valued at approximately $11.85 million, representing 0.58% of the company.
Other institutional investors are also increasing their exposure to the crypto and AI service provider. Fund Resources Investment Holding Group Co Ltd purchased a new stake valued at over $100 million in the fourth quarter.
Bank of America Corp DE boosted its holdings by 67.5% during the second quarter. These investments signal growing institutional confidence in Bitdeer’s expansion within the cryptocurrency and AI sectors.