Bitmain co-founder Wu Jihan's recent moves appear to be a comprehensive deleveraging campaign
1. First, Matrixport's derivatives trading platform shut down 2. Subsequently, Bitdeer (NASDAQ:BTDR) sold all Bitcoin holdings, with all newly mined Bitcoin sold weekly Meanwhile, Bitdeer conducted low-price equity issuance for fundraising, with stock price down 70% from its peak. 3. The latest move is rebranding its crypto finance platform Matrixport to Bit.
Bear Market Survival Tactics
Bitmain co-founder Wu Jihan's recent moves appear to be a comprehensive deleveraging campaign
1. First, Matrixport's derivatives trading platform shut down
2. Subsequently, Bitdeer (NASDAQ:BTDR) sold all Bitcoin holdings, with all newly mined Bitcoin sold weekly
Meanwhile, Bitdeer conducted low-price equity issuance for fundraising, with stock price down 70% from its peak.
3. The latest move is rebranding its crypto finance platform Matrixport to Bit.