Tether, the leading company in the stablecoin sector, has strengthened its presence in Bitcoin mining by increasing its stake in Bitdeer Technologies (BTDR).
According to the documents filed with the U.S. Securities and Exchange Commission (SEC), the company has acquired a larger number of shares in the cryptocurrency mining company.
Tether now holds 21.4% of Bitdeer Technologies shares
From the official documents, it emerges that Tether and its subsidiaries—Tether International, S.A. de C.V. and Tether Investments, S.A. de C.V.—now own 31,891,689 Class A ordinary shares of Bitdeer.
This participation represents the 21.4% of the total shares outstanding of Bitdeer, granting Tether a significant position within the company.
Tether is primarily known for its stablecoin USDT, one of the most used digital currencies in the bull and bear markets of cryptocurrencies.
However, the company has expanded its scope in recent years by investing in Bitcoin mining, ene
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