SCHEDULE: Susquehanna Group Discloses 5.1% Stake in Bitdeer

A group of Susquehanna-affiliated entities has reported a collective beneficial ownership of 5.1% in Bitdeer Technologies Group's Class A ordinary shares.

Summary

• This filing is a Schedule 13G, indicating a passive investment stake by a group of affiliated entities.
• The reporting persons are G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Fundamental Investments, LLC, and Susquehanna Securities, LLC.
• Collectively, these entities beneficially own 11,506,100.00 shares of Bitdeer Technologies Group's Class A ordinary shares.
• This ownership represents 5.1% of the class of securities outstanding as of June 30, 2026.
• The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as having a neutral to slightly negative sentiment due to its nature as a Schedule 13G, indicating a passive ownership stake rather than active strategic involvement or positive operational news.

Positives

• The reporting entities are established financial firms, suggesting a potentially stable or informed investment.
• The filing confirms the shares were acquired in the ordinary course of business, implying a standard investment activity.

Negatives

• The filing is a Schedule 13G, which typically signifies a passive investment and does not indicate any positive operational developments or strategic initiatives by the company.
• The disclosure of a significant stake by external entities, while not inherently negative, can sometimes precede activist investor actions or market speculation.

Risks

• Potential for increased market volatility if the passive stake is perceived as a precursor to further action by the reporting group or other investors.
• The passive nature of the filing means it does not provide insights into the company's operational performance or future prospects, leaving investors to seek information elsewhere.

Future Outlook

This filing is a Schedule 13G and does not contain forward-looking statements or guidance regarding Bitdeer Technologies Group's future performance. It solely reports on beneficial ownership.

Management Comments

• Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.
• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that the reporting of a significant passive stake in a technology or cryptocurrency-related company like Bitdeer by financial entities is common. Such filings often precede or coincide with broader market movements or shifts in investor sentiment within the sector.

Stakeholder Impact

• Shareholders may observe increased trading activity or speculation due to the disclosure of a significant stake by established financial entities.
• The market may interpret this filing as a sign of institutional interest, potentially influencing investor perception of Bitdeer Technologies Group.

Next Steps

• The reporting persons will continue to monitor their investment in Bitdeer Technologies Group.
• Any future changes in beneficial ownership will be reported as required by SEC regulations.

Key Dates

Keywords

Bitdeer Technologies Group, Schedule 13G, Beneficial Ownership, Class A ordinary shares, G1 Execution Services, SIG Brokerage, Susquehanna Fundamental Investments, Susquehanna Securities