Tether reduces its holdings in Bitdeer at a high point, cashing out approximately 12.7 million USD
By: rootdata|2026/06/17 11:42:45
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According to TheEnergyMag, Tether sold 627,000 shares of Bitdeer (NASDAQ: BTDR) at a price of about $20 per share from June 3 to 4, cashing out approximately $12.7 million.
Previously, Tether had made a large purchase of Bitdeer shares at an average price of about $8.85 per share during a period of low stock prices in February this year. This reduction in holdings is seen as a profit-taking move at a high point. After the reduction, Tether still holds 37.7 million shares of Bitdeer Class A stock, accounting for 19.7% of the outstanding shares, and remains its major shareholder.
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