Category: Bitdeer
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Stablecoin Giant USDT (Tether) Solidifies Foothold In Bitcoin Mining With 25% Stake In Bitdeer
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In an exciting development, the issuer of the stablecoin USDT, pregnancy, made a strategic investment by acquiring a significant 25% stake in prominent Bitcoin mining company, Bitdeer. The move, as confirmed by a recent SEC filing, places Tether as Bitdeer’s second-largest shareholder, after Victory Courage Ltd., a company linked to…
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Tether Throws Hat in Ring with $100 Million Bitdeer Investment
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Stablecoin issuer Tether Holdings has acquired a significant stake in Bitdeer Technologies Group, a US-listed bitcoin mining company owned by Chinese billionaire Jihan Wu. This acquisition includes an investment of US$100 million, with an option to purchase additional shares worth US$50 million over the next year. Investment facilitates the expansion…