Markets, mergers and acquisitions, Tether, Bitdeer, crypto miner The USDT issuer first purchased a stake within the bitcoin mining firm in May 2024.
Tether, the issuer of the USDT stablecoin, elevated its holdings in bitcoin (BTC) miner Bitdeer (BTDR), constructing on a funding it began virtually a yr in the past.
The firm financed the acquisition with working capital and now owns 21% of the corporate, based on a Securities and Exchange Commission filing.
Tether first acquired a position within the Singapore-based firm final May with a $100 million funding for 18.59 million Class A shares and an choice to purchase 5 million extra at $10 every.
Tether is constructing a portfolio of holdings with its document earnings, which came in at $13 billion last year, acquiring a stake in Italty’s Juventus FC and bidding for a majority stake in Latin American agricultural commodities producer Adecoagro.
Bitdeer’s inventory is unchanged on Nasdaq pre-market buying and selling, altering arms at $10.56.
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