# Bear Market Survival Strategy



Bitmain co-founder Wu Jihan's recent moves appear to be a comprehensive deleveraging operation:

1. First, Matrixport's derivatives trading platform shut down

2. Then Bitdeer(NASDAQ:BTDR) sold off all bitcoin holdings, with weekly mined bitcoins also completely liquidated

Meanwhile, Bitdeer conducted a low-price secondary offering to raise capital, with stock prices declining 70% from their highs.

3. The latest move is rebranding its crypto finance platform Matrixport to Bit.
BTC0,15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin