The issuer of the USDT stablecoin has expanded its stake in Bitdeer, a bitcoin (BTC) mining company, following an initial investment that took place nearly a year ago.
This acquisition was funded with operational capital, bringing the issuer’s ownership to 21% of Bitdeer, as noted in a filing with the Securities and Exchange Commission.
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The issuer first took a stake in the Singaporean company last May, investing $100 million for 18.59 million Class A shares, along with an option to purchase an additional 5 million shares at $10 each.