SCHEDULE: Paloma Entities Report 9% Stake in Bitdeer

Several Paloma-affiliated entities and S. Donald Sussman have reported beneficial ownership of approximately 9% of Bitdeer Technologies Group's Class A ordinary shares as of June 17, 2026.

Summary

• Multiple entities associated with Paloma Partners, including Sunrise Partners Limited Partnership, Paloma International L.P., Paloma Partners Management Company, Paloma Partners Advisors LP, Paloma Partners Advisors, Inc., and S. Donald Sussman, have jointly filed a Schedule 13G.
• As of June 17, 2026, these reporting persons collectively beneficially own 18,184,369 Class A ordinary shares of Bitdeer Technologies Group.
• This ownership represents approximately 9% of the company's outstanding Class A ordinary shares.
• The reported shares include 108,969 directly owned shares and 18,075,400 shares subject to long call options exercisable within 60 days.
• The total number of outstanding shares used for percentage calculation is 201,291,256, based on the company's Form 20-F filed on April 30, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine ownership disclosure and does not provide insights into the company's performance or future prospects.

Positives

• Significant ownership stake reported by Paloma entities, indicating confidence or strategic interest in Bitdeer Technologies Group.
• The reporting persons have the right to acquire a substantial number of additional shares (18,075,400) through call options, suggesting potential for increased future ownership.

Negatives

• The filing does not contain financial performance data or operational updates, making it difficult to assess the underlying business health.
• The ownership is primarily derived from call options, which introduces a layer of contingency to the reported stake.

Risks

• The reliance on call options for a significant portion of the reported ownership means that the actual voting and dispositive power is contingent on the exercise of these options.
• Changes in the market price of Bitdeer's Class A ordinary shares could impact the decision to exercise these options.
• The filing does not provide details on the terms or expiration of these call options.

Future Outlook

The filing is a Schedule 13G, which reports beneficial ownership and does not contain forward-looking statements or financial guidance from the company.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and significant stakeholders to disclose their holdings. The reporting of a 9% stake, particularly one involving significant call option positions, by entities associated with Paloma Partners in Bitdeer Technologies Group, a company involved in digital asset mining and related services, suggests a notable level of investor interest in the cryptocurrency infrastructure sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by Paloma entities may influence market perception and potentially impact share price, though the nature of the stake (including call options) requires careful consideration.
• Management: The increased ownership by a significant investor may lead to closer scrutiny or potential engagement with the company's management.
• Creditors: No direct impact is indicated by this filing.

Next Steps

• The reporting persons will continue to monitor their investment in Bitdeer Technologies Group.
• Future amendments to this Schedule 13G will be filed if there are changes in beneficial ownership or other reportable events.

Key Dates

Keywords

Schedule 13G, Bitdeer Technologies Group, Paloma Partners, S. Donald Sussman, Beneficial Ownership, Class A Ordinary Shares, Call Options, SEC Filing, Cayman Islands, Delaware