Stablecoin issuer Tether, according to the filing made to the U.S. Securities and Exchange Commission (SEC), increased its ownership of shares in the Bitcoin mining company Bitdeer to 21.4% of the company's shares.
Tether, the issuer of the world's largest stablecoin USDT, continues to expand its investments in the cryptocurrency mining sector. According to the latest disclosure to the SEC, Tether and its affiliates, Tether International, S.A. de C.V. and Tether Investments, S.A. de C.V. now hold a total of 31,891,689 shares of Bitdeer Class A. This figure represents 21.4% of the company's outstanding shares.
Tether is not only in the stablecoin market, but also has made various investments in areas such as Bitcoin mining, energy, and artificial intelligence infrastructure in recent years. Bitdeer, on the other hand, is a significant player that develops Bitcoin mining operations with a vertical integration strategy from silicon chips to energy sources.
Recently, Bitdeer, founded by former Bitmain co-founder Jihan Wu, announced the SEALMINER A3 chip performing below 10 J/TH in laboratory tests. This technological advancement is considered a significant progress in terms of mining efficiency. However, despite the company's efforts, the value of BTDR shares has fallen by more than 50% since the beginning of the year, trading at $10.48 at the time of publication.
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Tether Issuer USDT Seized by Chinese Billionaire Bitcoin Giant! - Coin Bulletin
Stablecoin issuer Tether, according to the filing made to the U.S. Securities and Exchange Commission (SEC), increased its ownership of shares in the Bitcoin mining company Bitdeer to 21.4% of the company's shares.
Tether, the issuer of the world's largest stablecoin USDT, continues to expand its investments in the cryptocurrency mining sector. According to the latest disclosure to the SEC, Tether and its affiliates, Tether International, S.A. de C.V. and Tether Investments, S.A. de C.V. now hold a total of 31,891,689 shares of Bitdeer Class A. This figure represents 21.4% of the company's outstanding shares.
Tether is not only in the stablecoin market, but also has made various investments in areas such as Bitcoin mining, energy, and artificial intelligence infrastructure in recent years. Bitdeer, on the other hand, is a significant player that develops Bitcoin mining operations with a vertical integration strategy from silicon chips to energy sources.
Recently, Bitdeer, founded by former Bitmain co-founder Jihan Wu, announced the SEALMINER A3 chip performing below 10 J/TH in laboratory tests. This technological advancement is considered a significant progress in terms of mining efficiency. However, despite the company's efforts, the value of BTDR shares has fallen by more than 50% since the beginning of the year, trading at $10.48 at the time of publication.