Tether, the USDT Stablecoin issuer, increased its participations in Bitcoin (BTC) Miner Bitdeer (BTDR), based on an investment that began almost a year ago.
The company financed the acquisition with working capital and now has 21% of the company, according to a presentation of the stock exchange and values.
Tether first acquired a position in the company based in Singapore last May with an investment of $ 100 million 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 his record gains, which were produced at $ 13 billion last year, acquiring a participation in the Juventus FC of Itty and offers for a majority participation in the producer of Latin American agricultural products Adecoagro.
Bitdeer’s shares have not changed in commerce prior to the Nasdaq market, changing from hands to $ 10.56.
