9 hours ago
Tether, the issuer of the USDT stablecoin, accrued its holdings successful bitcoin (BTC) miner Bitdeer (BTDR), gathering connected a concern it started astir a twelvemonth ago.
The institution financed the acquisition with moving superior and present owns 21% of the company, according to a Securities and Exchange Commission filing.
Tether archetypal acquired a position successful the Singapore-based institution past May with a $100 cardinal concern for 18.59 cardinal Class A shares and an enactment to bargain 5 cardinal much astatine $10 each.
Tether is gathering a portfolio of holdings with its grounds profits, which came successful astatine $13 cardinal past year, acquiring a involvement successful Italty's Juventus FC and bidding for a bulk stake successful Latin American cultivation commodities shaper Adecoagro.
Bitdeer's banal is unchanged connected Nasdaq pre-market trading, changing hands astatine $10.56.
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