SCHEDULE 13G/A: Mega Galaxy and Yuesheng Ge Maintain 4.3% Passive Stake in Bitdeer Technologies Group

Mega Galaxy International Limited and Yuesheng Ge have filed an amendment to their Schedule 13G, confirming a continued passive beneficial ownership of 4.3% in Bitdeer Technologies Group's Class A ordinary shares as of March 31, 2025.

Summary

• Mega Galaxy International Limited and Yuesheng Ge are the Reporting Persons in this Schedule 13G/A filing.
• As of March 31, 2025, the Reporting Persons beneficially own an aggregate of 6,571,170 Class A ordinary shares of Bitdeer Technologies Group.
• This ownership represents 4.3% of the Issuer's Class A ordinary shares outstanding.
• Mega Galaxy International Limited directly holds these shares and is a British Virgin Islands company wholly owned by Flourishing Well Limited, which is in turn wholly owned and managed by VISTRA Trust (Hong Kong) Limited as trustee of The Sharesun Trust.
• Mr. Yuesheng Ge is the settlor and a beneficiary of The Sharesun Trust and has the power to direct the Trustee regarding the retention, disposal, and voting rights of the shares held by Mega Galaxy.
• The percentage is calculated based on 152,346,227 Class A ordinary shares outstanding as of March 31, 2025, as disclosed in the Issuer's annual report on Form 20-F for the year ended December 31, 2024.
• The filing confirms that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing disclosing passive beneficial ownership. It contains no positive or negative operational or financial news, thus maintaining a neutral sentiment.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the Issuer's future performance or the Reporting Persons' future investment intentions beyond the passive nature of their current holding.

Industry Context

This filing is a routine disclosure of beneficial ownership by a passive investor in a publicly traded company. It does not provide specific insights into broader industry trends or competitive dynamics, but rather details a specific ownership structure within the cryptocurrency mining or blockchain technology sector, where Bitdeer Technologies Group operates.

Related Party Transactions

• Mega Galaxy International Limited is directly held by Flourishing Well Limited, which is wholly owned and managed by VISTRA Trust (Hong Kong) Limited as trustee of The Sharesun Trust. Mr. Yuesheng Ge is the settlor of The Sharesun Trust and has the power to direct the Trustee regarding the shares held by Mega Galaxy in Bitdeer Technologies Group. This establishes a clear beneficial ownership chain and control relationship between the reporting persons and the shares.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant passive ownership stake held by Mega Galaxy International Limited and Yuesheng Ge, confirming their continued investment in the company without intent to influence control.

Key Dates

Keywords

Bitdeer Technologies Group, Mega Galaxy International Limited, Yuesheng Ge, Schedule 13G/A, Beneficial Ownership, Class A ordinary shares, SEC filing, Passive Investment, Shareholding, Trust