On March 18, Tether significantly increased its stake in the leading BTC mining company Bitdeer Technologies Group. This strategic move highlights Tether's increasing involvement in the BTC mining ecosystem, expanding its investment portfolio beyond stablecoin operations. According to recent filings submitted to the US Securities and Exchange Commission (SEC), Tether and its subsidiaries currently collectively hold 31,891,689 shares of Class A common stock in Bitdeer, accounting for approximately 21.4% of the total issued shares of the company. Previously, in May 2024, Tether acquired $100 million worth of shares in Bitdeer through a private sale and has the option to purchase an additional $50 million worth of shares within 12 months. It is reported that the relationship between Tether and Bitdeer is not just passive investment but a strategic partnership aimed at strengthening the BTC infrastructure. By acquiring a significant stake in a major mining company, Tether positions itself as a direct contributor to the stability and sustainability of the BTC network. (Financefeeds)
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Tether increased its holdings of Bit Bambi shares, and currently owns 21.4% of the shares.
On March 18, Tether significantly increased its stake in the leading BTC mining company Bitdeer Technologies Group. This strategic move highlights Tether's increasing involvement in the BTC mining ecosystem, expanding its investment portfolio beyond stablecoin operations. According to recent filings submitted to the US Securities and Exchange Commission (SEC), Tether and its subsidiaries currently collectively hold 31,891,689 shares of Class A common stock in Bitdeer, accounting for approximately 21.4% of the total issued shares of the company. Previously, in May 2024, Tether acquired $100 million worth of shares in Bitdeer through a private sale and has the option to purchase an additional $50 million worth of shares within 12 months. It is reported that the relationship between Tether and Bitdeer is not just passive investment but a strategic partnership aimed at strengthening the BTC infrastructure. By acquiring a significant stake in a major mining company, Tether positions itself as a direct contributor to the stability and sustainability of the BTC network. (Financefeeds)