Tether has grown its stake in Bitdeer. The issuer of the USDT stablecoin now holds 21% of the Singapore-based Bitcoin mining company.
Tether financed the purchase using working capital. This move builds on an investment that started nearly a year ago. According to an SEC filing, Tether’s position in Bitdeer has increased since its first purchase.
Tether (USDT) Expands Investment In Bitcoin Mining Firm Bitdeer
Last May, Tether acquired a position in Bitdeer with a $100 million investment. This purchase earned them 18.59 million Class A shares. The deal also included an option to buy an extra 5 million shares at $10 each.
Now, Tether owns 21% of the company. Bitdeer’s stock is stable in Nasdaq pre-market trading, with shares at $10.56.
A Growing Portfolio of Diverse Holdings
Tether is not just investing in crypto companies. The firm is building a diverse portfolio with its record profits. Last year, Tether earned $13 billion in profits. The company has used its earnings to acquire stakes in various assets.
It now owns a part of Italy’s Juventus FC and is bidding for a majority stake in Adecoagro, a major Latin American agricultural commodities producer. These moves show Tether’s interest in expanding beyond the crypto market.
Increased investment in Bitdeer is just one step in Tether’s larger plan. The company is using its funds to invest in promising ventures. These investments aim to boost returns and diversify risk in a volatile market.
Chain Swap Announcement and Network Transition
In January 2025, Tether announced a major chain swap. The company will work with the Tron Network and major exchanges. This swap involves transferring some USDT stored in cold wallets.Â
The change will move these funds to the Tron network. Tether expects that this move will improve efficiency and lower costs. It also reflects a growing trend of network collaboration in the crypto world.
Regulatory Challenges and Compliance Issues
Tether faces regulatory hurdles on several fronts. In the United States, the company has come under scrutiny by regulators. At the same time, Tether is dealing with challenges in the European Union.
The EU’s MiCA regulation now requires stablecoin issuers to hold part of their reserves in cash with banks. Tether has not fully met these new requirements.Â
This has raised concerns about its ability to comply with EU rules. The regulatory pressure could affect Tether’s future operations in the region.
Tether’s growing investments and strategic moves signal its ambition to expand. The firm is actively diversifying its holdings. Its decision to boost its stake in Bitdeer shows confidence in the mining sector.
The chain swap with the Tron Network could also lead to improved operational efficiency. However, Tether must address regulatory challenges to secure its position in the market.
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