Tether has increased its stake in Bitcoin miner Bitdeer to 21.4%, now holding 31,891,689 Class A shares.
This move aligns with Tether’s broader expansion into Bitcoin mining, aiming for long-term infrastructure growth beyond stablecoin issuance.
Tether, the world’s largest stablecoin issuer, is expanding its influence in the Bitcoin business. Documents filed with the US Securities and Exchange Commission (SEC) show Tether now has a 21.4% share in Bitdeer Technologies Group (BTDR).
With 31,891,689 Class A common shares total ownership, the action highlights Tether’s mining industry ambitions, which first began with an initial investment of $100 million in May 2024.
Tether Expands Its Grip on Bitcoin Mining
Bitdeer is not your average player in the business. Based in Singapore, the corporation mines in Bhutan, Norway, and the United States, among other nations. Tether not just a stablecoin issuer but also a major participant in the blockchain infrastructure sector, therefore st
