The rope increases the share of bitcoin mining with an additional $ 18 million investment in Bitdeer

Tether Stablecoin Phyding Stablecoin has increased Bitcoin’s mining by increasing its investments in the General Bitdeer.

in Monday 17 March presentation With the Securities and Stock Exchange Committee, Bitdeer revealed that, through its Tether Investment Company, Tether acquired 1.8 million of its Class A shares worth $ 18.2 million from February 26 to March 13.

Through this step, Tether, through Tether International and Tether Investments, now calls for about 32 million Bitdeer shares. This represents 21.4 % of the suspended company shares. This includes 26.7 million shares purchased with more than 138.7 million dollars and topics of approximately 5.2 million shares.

Tether invested for the first time in Bitdeer in May 2024, to push $ 100 million through Tether International For about 18.6 million shares in a deal that made an option to buy 5 million additional shares at $ 10 per share.

Bitdeer’s investments in Tether are part of its efforts to expand its impact beyond Stablecoins, as it takes advantage of its important profits. Among the areas of the new company’s concentration is mining, with interest in “sustainable bitcoin mining operations”.

Bitdeer pushed towards sustainability Through partnership With Bhutan Investment Company in sovereign wealth to build carbon -free mining operations that benefit from abundant water resources in the country.

Recently, Bitdeer’s primary focus was on building bitcoin mining chips for higher performance and efficiency. This focus came at a large cost in the short term of the company’s profitability. He – she I mentioned A net loss of $ 532 million In Q4 2024.

However, the Bitdeer share price increased by 1.26 % at the time of writing this report on Tuesday, March 18, as it was circulated at $ 10.48.