Tether has reduced its stake in Bitdeer by selling 627,000 shares worth approximately $12.7 million, but the company remains one of the Bitcoin miner’s largest shareholders.
The shares were sold on June 3 and June 4 at around $20 each. Even after the sale, Tether still owns about 37.7 million Class A shares in Bitdeer, giving it a 19.7% ownership stake in the company.
Tether first invested in Bitdeer in May 2024 through a deal that provided up to $150 million in funding. The investment made the stablecoin issuer one of Bitdeer’s most important strategic backers and increased its exposure to Bitcoin mining infrastructure.
The latest sale appears to have generated a significant profit for Tether. Reports indicate that the company purchased many of its shares earlier this year at much lower prices, averaging around $8.85 per share. Selling part of that position near $20 allowed Tether to lock in gains while still maintaining a large stake in the company.
This is not the first time Tether has reduced its holdings. Regulatory filings showed that the company sold about 7.7 million Bitdeer shares between September and October 2025, generating roughly $166 million and reducing its ownership stake at that time.
Despite the recent sales, Tether continues to be one of Bitdeer’s biggest investors and remains closely tied to the company’s long-term growth plans.
Bitdeer has been working to expand beyond traditional Bitcoin mining in recent months. The company is investing heavily in artificial intelligence infrastructure, cloud services, and data center operations as it seeks new sources of revenue.
In May, Bitdeer appointed former Corsair Gaming executive Michael Potter as its new Chief Financial Officer, a move linked to the company’s growing focus on AI-related projects and large-scale infrastructure investments.
The company has also reported strong operational activity. During April, Bitdeer mined 783 Bitcoin and generated approximately $69 million in annual recurring revenue from its AI cloud business. Management is also exploring opportunities across its facilities in the United States, Norway, Bhutan, and Ethiopia to support AI and data center expansion.
Investors appeared largely unfazed by the news of Tether’s latest sale. Bitdeer shares showed only minor price movement after the disclosure, suggesting the market viewed the transaction as a routine profit-taking move rather than a sign of weakening confidence.
Tether CEO Paolo Ardoino has previously described Bitdeer as one of the strongest vertically integrated Bitcoin mining companies in the industry. With nearly one-fifth of the company still under its ownership, Tether remains a major shareholder and an important partner as Bitdeer continues expanding its mining and AI infrastructure businesses.
