Bitdeer offers $300M convertible notes with capped calls
The post Bitdeer offers $300M convertible notes with capped calls appeared on BitcoinEthereumNews.com.
Bitdeer is raising $300M via convertible senior notes due 2032 Bitdeer Technologies Group (Nasdaq: BTDR) plans to raise $300 million through an offering of convertible senior notes due 2032. The notes will be issued in a private placement to Qualified Institutional Buyers (QIBs). Convertible senior notes can be exchanged into equity under specified terms, which may increase the share count when converted. Final pricing mechanics and detailed terms are pending. Why it matters: dilution risk and capped call transactions Convertible issuance can dilute existing shareholders if notes convert into Class A shares. Bitdeer intends to enter capped call transactions designed to reduce share issuance upon conversion within specified price ranges. These hedges typically raise the effective conversion price for the issuer up to a cap and require upfront cash outlay. They mitigate, but do not eliminate, dilution or the economic transfer to noteholders. BingX: a trusted exchange delivering real advantages for traders at every level. According to Whale Alert, Bitdeer’s shares fell about 17–18% following the announcement, reflecting investor focus on potential dilution (https://whale-alert.io/stories/b58c01cb912d0a/Bitdeer-to-raise-300M-with-convertible-notes-convertible-to-cash-or-shares-shares-tumble-17-on-dilution-fears?utm_source=openai). The notes are convertible to cash or shares, signaling a possible equity overhang. As reported by Blockonomi, the stock traded below $8 after the news, underscoring negative near-term sentiment (https://blockonomi.com/bitdeer-shares-drop-17-as-300m-convertible-notes-raise-concerns/?utm_source=openai). Volatility may persist until final terms are disclosed and hedging flows stabilize. At the time of this writing, Bitcoin traded near $67,025 amid very high 11.83% volatility and an RSI around 34.28 labeled neutral. This market backdrop is contextual and not specific to BTDR. Use of proceeds and contingencies Allocation and contingencies: capped calls, 2029 notes, HPC/AI, data centers, ASICs, registered direct offering As reported by Investing.com, proceeds are earmarked for capped call transactions, repurchasing a portion of Bitdeer’s 5.25% convertible senior notes due 2029, and expansion in data centers, HPC/AI cloud, and ASIC development (https://www.investing.com/news/company-news/bitdeer-to-raise-300-million-through-convertible-notes-offering-93CH-4513239?utm_source=openai).…
Filed under: News - @ February 20, 2026 12:27 am