Share this article
Tether Raises Bitdeer Stake to 21%: SEC Filing
The USDT issuer first bought a stake in the bitcoin mining company in May 2024.
Mar 18, 2025, 9:06 a.m.
Make us preferred on Google
What to know:
- Tether, the issuer of the USDT stablecoin, increased its stake in bitcoin miner Bitdeer to 21%.
- The acquisition was financed with Tether's working capital, following an initial investment of $100 million in May 2024, the company said in an SEC filing.
- Tether is diversifying its portfolio after banking record profit, including adding stakes in Juventus FC and a bid for a majority stake in Adecoagro.
Tether, the issuer of the USDT stablecoin, increased its holdings in bitcoin miner Bitdeer (BTDR), building on a investment it started almost a year ago.
The company financed the acquisition with working capital and now owns 21% of the company, according to a Securities and Exchange Commission filing.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Tether first acquired a position in the Singapore-based company last May with a $100 million investment for 18.59 million Class A shares and an option to buy 5 million more at $10 each.
Tether is building a portfolio of holdings with its record profits, which came in at $13 billion last year, acquiring a stake in Italty's Juventus FC and bidding for a majority stake in Latin American agricultural commodities producer Adecoagro.
Bitdeer's stock is unchanged on Nasdaq pre-market trading, changing hands at $10.56.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Gold in 'extreme greed' sentiment as it adds entire bitcoin market cap in one day
Bullion ripped past $5,500 and sentiment gauges hit “extreme greed,” while bitcoin stayed pinned below $90K — a split that’s getting harder to ignore.
What to know:
- Gold’s surge above $5,500 an ounce has taken on the feel of a crowded trade, with its notional value jumping about $1.6 trillion in a single day.
- Sentiment gauges such as JM Bullion’s Gold Fear & Greed Index are signaling extreme bullishness in precious metals, even as similar crypto indicators remain stuck in fear.
- Bitcoin is lagging despite the “hard assets” narrative, trading like a high-beta risk asset while investors seeking a store of value are favoring physical gold and silver over digital tokens.
Top Stories
