Bitcoin: Tether Invests $32M in Bitdeer

Tether Expands Stake in Bitdeer with $32 Million Investment

• Tether invested $32 million to increase its stake in Bitdeer to 24.2%.
• The investment was made between April 2 and April 14, 2025.
• Tether acquired approximately 4 million BTDR shares at an average price of $8.05 each.
• Bitdeer’s stock declined by 27.2% over a month, priced at $7.65 as of April 18 pre-market trading.
• The mining sector is experiencing challenges due to rising costs and market volatility.

Tether’s $32 million investment in Bitdeer raises its stake to over 24%, reflecting a strategic move amid a challenging mining sector landscape marked by declining stock values and increased component costs.