google.com, pub-4937804267404003, DIRECT, f08c47fec0942fa0
Forex

Tether Increases Holdings in Bitdeer (BTDR) to 21%: SEC Filing – Today news

Today news
2025-03-18 09:06:00

Tether, the issuer of the USDT stablecoin, increased its holdings in bitcoin (BTC) miner Bitdeer (BTDR), building on a investment it started almost a year ago.

The company financed the acquisition with working capital and now owns 21% of the company, according to a Securities and Exchange Commission filing.

STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Tether first acquired a position in the Singapore-based company last May with a $100 million investment for 18.59 million Class A shares and an option to buy 5 million more at $10 each.

Tether is building a portfolio of holdings with its record profits, 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 stock is unchanged on Nasdaq pre-market trading, changing hands at $10.56.



Related Articles

Back to top button
Social Media Auto Publish Powered By : XYZScripts.com