GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
News

Tether Purchases $100M of Bitdeer Shares, Eyes Additional $50M

Tether

The post Tether Purchases $100M of Bitdeer Shares, Eyes Additional $50M appeared first on Coinpedia Fintech News

In an official announcement, Tether, the company behind the world’s largest stablecoin, USDT, has agreed to purchase up to $150 million worth of shares in the bitcoin mining company Bitdeer. This significant investment highlights Tether’s growing interest in the bitcoin mining sector and its strategic moves to diversify and strengthen its presence in the broader cryptocurrency economy. Bitdeer’s stock (BTDR) is up over 13% intraday, showing market approval of Tether’s investment.

Investment Breakdown

Recently Bitdeer has secured a subscription agreement for the private placement of 18,587,360 Class A ordinary shares, generating $100 million in proceeds. While, the agreement also includes a warrant for Tether to purchase an additional 5 million shares at $10 each, potentially adding $50 million to the investment. Hence, the funds will be used to expand Bitdeer’s data centres and develop new ASIC-based mining rigs for efficient Bitcoin mining operations.

Impact on Bitdeer

Following the news, Bitdeer’s shares saw a positive reaction in the market, jumping over 4% to $6.08 in pre-market trading. This surge reflects investor confidence in the company’s growth potential and the positive impact of the substantial funding from Tether. At present, Bitdeer shares are traded between $6 and $7.

Tether’s BTC Mining Call

This move shows their commitment to supporting the crypto economy and a bullish interest in BTC mining. By backing BTC mining, Tether aims to diversify its investments and improve the reliability of its USDT token. It’s part of their strategy to promote blockchain technology, like the one offered by Bitdeer. 

Expansion Plans and Market Reaction

In the meanwhile, Bitdeer also plans to use the new capital for expanding data centers and developing advanced mining rigs, which are crucial steps in enhancing its mining capacity and efficiency. Tether CEO Paolo Ardoino said that Bitdeer is a leading player in Bitcoin mining. He praises their advanced tech and strong focus on research and development in the industry. By investing in state-of-the-art infrastructure, Bitdeer aims to maintain a competitive edge in the highly dynamic and resource-intensive bitcoin mining industry. 

Conclusion

Overall, Tether’s investment in Bitdeer is a win-win. Bitdeer gets funds to grow, and Tether deepens its ties to Bitcoin’s core. This partnership showcases how crypto leaders team up to push the industry forward.

Latest Press

post-thumbnail
News
2 hours ago
Why Bitcoin Analyst and Influencer PlanB Convert His Bitcoin Into ETFs?
The post Why Bitcoin Analyst and Influencer PlanB Convert His Bitcoin Into ETFs? appeared first on C...
READ MORE
post-thumbnail
News
2 hours ago
Crypto News: Argentina’s President Milei Could Face Impeachment Over Promoting $LIBRA Cryptocurrency Scam
The post Crypto News: Argentina’s President Milei Could Face Impeachment Over Promoting $LIBRA Cry...
READ MORE
post-thumbnail
News
2 hours ago
XRP Price Prediction For February 16
The post XRP Price Prediction For February 16 appeared first on Coinpedia Fintech News Ripple’s XR...
READ MORE
post-thumbnail
News
2 hours ago
XRP News: Major Ripple Developments and Global Partnerships Unveiled
The post XRP News: Major Ripple Developments and Global Partnerships Unveiled appeared first on Coin...
READ MORE
default post thumbnail
News
2 hours ago
Looking For The Next Kaspa? Analyst Predicts This RWA Crypto to 10X Before Q3 2025, Here’s Why
As Kaspa (KAS) struggles to hold momentum, analysts are shifting their attention toward Coldware (CO...
READ MORE
default post thumbnail
News
2 hours ago
Kaspa (KAS) Whales Swim Towards Web3 Mobile Provider Releasing Cryptocurrency Priced at $0.0045
As the cryptocurrency market continues to evolve, Coldware (COLD) has emerged as a dominant force in...
READ MORE
default post thumbnail
News
8 hours ago
Uniswap Price Surges Past $10 — Bullish Pattern Suggests Further 30% Gain
The Uniswap price appears to be recovering nicely after a disappointing performance at the beginning...
READ MORE
default post thumbnail
News
8 hours ago
XRP Breaks Key Barrier, Surges Past 100-Day SMA And $2.7 Resistance
XRP has finally shattered a critical resistance level, surging past $2.7 and breaking above the 100-...
READ MORE
default post thumbnail
News
8 hours ago
XRP Price To New All-Time High? Analyst Says $5.8 Is Possible Following ‘Golden Cross’
The XRP price action has been one of the brighter spots in the cryptocurrency space in 2025, weather...
READ MORE
default post thumbnail
News
8 hours ago
Solana, XRP, and Lightchain AI Crypto – What’s in Store for Their Prices During the 2025 Altcoin Boom?
As the cryptocurrency market gears up for the next major altcoin boom in 2025, investors are closely...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started