The cluster of insider buys, especially by the Chairman who also extended a $40M credit line, suggests a belief in near-term value. Monitor for further insider accumulation or news on the credit line drawdown. The failed colocation deal and going-concern risk remain overhangs, so any positive operational update could catalyze a re-rating.
Price Chart
Executive Summary
A cluster of five open-market insider purchases totaling ~$206K (0.5% of market cap) was executed by Executive Chairman Endeavor Blockchain, LLC and three directors over a 7-day window. This buying follows a $40M revolving credit line from the Chairman to the company and the termination of a poison pill, signaling insider confidence despite the company's distressed financial condition and failed colocation deal.
Key Financial Metrics
Key Facts
- Five open-market purchases by four insiders (Executive Chairman and three directors) totaling $206,254
- Largest purchase: Endeavor Blockchain, LLC (Executive Chairman) bought 24,224 shares at $6.99 for $169,326 on June 11
- Total insider buying represents ~0.5% of BGDE's $41M market cap
- Purchases occurred within 12 days of a $40M revolving credit line from Endeavor Blockchain, LLC to the company
- Company recently terminated poison pill and disclosed a failed colocation deal with zero revenue
Financial Impact
Insider purchases of $206K, or 0.5% of market cap, concentrated in the Executive Chairman and directors
Risk Factors
- Company has going-concern risk and a failed colocation deal that generated zero revenue
- Analyst consensus is heavily bearish (0% bullish, 3 Hold, 3 Sell/Strong Sell)
- Insider buying may be strategic (Chairman is also lender) rather than purely conviction-based
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BGDE-1781571967877 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $3.86 | awaiting T+5 | — | $3.65 (−5.44%) |
Sep 28, 2026 28d ago | SC 13D/A | $5.32 $5.35 | ▲ +0.56% | ▼ −1.38% | $3.65 (−31.39%) |
Sep 24, 2026 4w ago | 8-K | $6.24 $5.28 | ▲ +15.38% | ▲ +14.97% | $3.65 (+41.51%) |
Aug 12, 2026 10w ago | Press Release | $6.06 $7.22 | ▼ −19.14% | ▼ −21.11% | $3.65 (+39.77%) |
Jul 29, 2026 12w ago | Press Release | $5.64 | awaiting T+5 | — | $3.65 (−35.28%) |
Jul 20, 2026 14w ago | S-3 | $5.96 $5.27 | ▲ +11.58% | ▲ +10.35% | $3.65 (+38.76%) |
Jul 20, 2026 14w ago | 8-K | $5.70 $5.39 | ▲ +5.44% | ▲ +5.01% | $3.65 (+35.96%) |
Jul 10, 2026 15w ago | Insider Buy | $6.89 $5.71 | ▼ −17.13% | ▼ −16.34% | $3.65 (−47.02%) |
Jul 6, 2026 16w ago | 8-K | $8.15 $7.43 | ▲ +8.83% | ▲ +9.32% | $3.65 (+55.21%) |
Jul 2, 2026 16w ago | Insider Buy | $7.45 $7.77 | ▲ +4.30% | ▲ +3.36% | $3.65 (−51.01%) |
US Market Status
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