Tether Increases Stake in Bitdeer to 21%
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Tether Increases Stake in Bitdeer to 21%

Tether boosts its investment in Bitdeer, a bitcoin mining company, to 21%, enhancing its portfolio after significant profits.

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Tether, the issuer of the USDT stablecoin, has increased its investment in bitcoin mining company Bitdeer to 21%.

  • The acquisition was financed through Tether’s working capital, following an initial investment of $100 million in May 2024, according to an SEC filing.
  • Tether is diversifying its investments after achieving record profits, including stakes in Juventus FC and a proposed majority stake in Adecoagro.

Tether CEO Paolo Ardoino

Tether first acquired a position in Bitdeer last May with its original investment, notably owning 21% after this increase. Currently, Bitdeer’s stock trades at $10.56 on Nasdaq, remaining stable pre-market.

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