Tether, the issuer of Usdt StableCecoin, increased his inventory in Bitcoin (BTC) Miner Bitdeer (BTDR), which is based on an 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 archiving.
Tether first acquired a position in the Singapore-based company in May last year with a $ 100 million investment in $ 18.59 million shares A shares and an opportunity to buy 5 million more for $ 10 each.
Tether builds a portfolio of possessions with his record surplus, which came in at $ 13 billion last year, acquiring a share in Italtys Juventus FC and buddy on a majority share in Latin American agricultural producer Adecoagro.
Bitdeer’s stock is unchanged at Nasdaq trading before the market is changing hands to $ 10.56.