Tether Grabs 25% Stake in Bitdeer

In a significant move within the cryptocurrency mining industry, Tether Holdings Limited has acquired a 25% share of Bitdeer, a renowned Bitcoin mining company. This development comes after a U.S. Securities and Exchange Commission (SEC) filing revealed Tether’s new ownership stake through a private placement deal.

The deal has resulted in Tether controlling 23,587,360 BTDR shares, enabling Bitdeer to raise $100 million in much-needed capital. Investors have responded positively to the news as Bitdeer’s share price climbed to $7.15, marking a 2% increase since the U.S. markets opened. Since the beginning of May, Bitdeer’s stock has experienced a notable 26% surge.

Further cementing the relationship between the two entities, Tether has been granted a warrant that allows the purchase of up to 5,000,000 additional shares at a strike price of $10.00 per share over the next 12 months. This strategic move signifies Tether’s commitment to Bitdeer and the potential growth it sees in the Bitcoin mining sector.

Bitdeer outlines its plans to utilize the proceeds from this financing round. The company aims to expand its data center operations, develop new ASIC-based mining rigs, and address various other corporate purposes that could advance its competitive position in the cryptocurrency mining market.

The partnership’s potential had further affirmation when Bitdeer successfully went public on the Nasdaq stock exchange under the ticker symbol BTDR. The listing was achieved via a SPAC (Special Purpose Acquisition Company) merger with Blue Safari Group Acquisition Corp, despite facing three earlier postponements.

In another strategic move, Tether recently expanded its investment portfolio by injecting $19 million into XREX Group. This investment is intended to support the growth of USDT-based cross-border B2B payments and to launch XAU1, Tether’s proprietary U.S. dollar-pegged stablecoin.

Furthermore, reinforcing Tether’s focus on compliant growth, XREX Singapore—another startup backed by Tether and supported by the Taiwanese Government National Development Fund—received the Financial Authority of Singapore’s Major Payment Institution License. This enables XREX to operate legally as a payment processor within Singapore’s strict regulatory environment.

As Tether continues to diversify its investment portfolio and cement its place within the digital asset ecosystem, this latest move into Bitcoin mining represents a confident step towards strategic growth and a commitment to supporting foundational cryptocurrency infrastructure. With the industry facing dynamic changes, actions such as Tether’s investment in Bitdeer could signal a new chapter of growth and innovation in cryptocurrency mining operations.

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