Wall Street Optimism Spills Over to These 10 Stocks on Friday

4. Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer extended its winning streak for a third day on Friday, rallying 13.04 percent to finish at $12.31 each as investors cheered news of the firm’s additional investments in Bitcoin despite a disappointing earnings performance last year.

In a recent post on X, formerly Twitter, BTDR announced it purchased 50 Bitcoins at a price of $81,475 apiece for a total of $4.07 million, as the company took advantage of the drop in Bitcoin prices over the past few days.

With the latest purchase, BTDR’s overall Bitcoin holdings now stand at 640.

Last week, BTDR announced its latest earnings results, where net losses in the fourth quarter of the year widened by 10,538 percent to $531.9 million from $5 million in the same period a year earlier, while revenues declined by 40 percent to $69 million from $114.8 million year-on-year.

According to the company, the performance was due to its prioritized investments in proprietary ASIC technology, which temporarily limited its hashrate growth and impacted its financial performance.