Tether Boosts Investment in Bitcoin Mining Company Bitdeer
On March 18, 2025, Tether, the issuer of the USDT stablecoin, has expanded its ownership in Bitdeer (BTDR), a leading Bitcoin mining company, nearly a year after its initial investment.
The new filing with the U.S. Securities and Exchange Commission reveals that Tether now holds a 21% stake in Bitdeer. The acquisition was made using Tether’s working capital.
Tether first entered the Bitcoin mining space in May 2024, investing $100 million for 18.59 million Class A shares, with an option to purchase an additional 5 million shares at $10 each.
This strategic expansion is part of Tether’s broader effort to diversify its portfolio after reporting record profits of $13 billion in 2024. In addition to its stake in Bitdeer, Tether has also acquired shares in Italy’s Juventus FC and is in talks to take a controlling interest in Adecoagro, a major agricultural producer in Latin America.
Pre-market trading on Nasdaq shows Bitdeer’s stock price holding steady at $10.56 per share.
