Tether Increases Its Ownership in Bitcoin Miner Bitdeer
On March 18, 2025, Tether, the company behind the USDT stablecoin, has upped its stake in the Bitcoin mining firm Bitdeer (BTDR), following its initial investment nearly a year ago.
According to a filing with the U.S. Securities and Exchange Commission, Tether now owns 21% of Bitdeer. The acquisition was made using the company’s available working capital.
Tether’s initial investment in Bitdeer took place in May 2024, when it committed $100 million for 18.59 million Class A shares and gained the option to purchase 5 million additional shares at $10 each.
This move comes as Tether continues to expand its investment portfolio, buoyed by its $13 billion in profits last year. The company has also secured stakes in Italy’s Juventus FC and is reportedly pursuing a majority share in Adecoagro, a leading agricultural commodities company in Latin America.
Pre-market trading on Nasdaq shows Bitdeer’s stock price remains stable at $10.56 per share.
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