Tether has increased its investment in Bitcoin mining company Bitdeer (BTDR), according to a recent U.S. SEC filing.
Tether, the company behind the major stablecoin USDT, has increased its investment in Bitcoin (BTC) mining company Bitdeer (BTDR), according to a recent U.S. Securities and Exchange Commission filing.
The filing showed that Tether and its subsidiaries now hold 31,891,689 Class A common shares in Bitdeer. The shares represent about 21.4% of the company’s total outstanding stock.
The company’s primary product is the stablecoin USDT, which is linked to the U.S. dollar. Tether also has interest in Bitcoin mining, energy infrastructure and artificial intelligence (AI) systems.
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