Tether Increases Stake in Bitdeer to 21% Through SEC Filing
Tether has increased its stake in bitcoin miner Bitdeer, now owning 21% of the company after a recent investment.
- The acquisition was financed with working capital.
- Initial investment last May totaled $100 million for 18.59 million Class A shares, with an option for 5 million more at $10 each.
- Tether reported a profit of $13 billion last year, allowing for further investments.
- Recent acquisitions include a stake in Juventus FC and a bid for Adecoagro.
- Bitdeer's stock remains stable at $10.56 in pre-market trading on Nasdaq.