According to The Energy Mag, the Tether affiliated entity reduced its holdings of 627,000 shares of Bitdeer (BTDR) stock in early June, cashing out approximately 12.7 million USD.
After the reduction, Tether held 37.7 million shares of Bitdeer Class A common stock, accounting for 19.7% of the circulating Class A shares, lower than the 20.1% disclosed in February this year. The document shows that Tether had increased its holdings during Bitdeer's stock price decline in February, and this reduction occurred after the company's AI data center business drove a significant rebound in the stock price.
According to The Energy Mag, the Tether affiliated entity reduced its holdings of 627,000 shares of Bitdeer (BTDR) stock in early June, cashing out approximately 12.7 million USD.
After the reduction, Tether held 37.7 million shares of Bitdeer Class A common stock, accounting for 19.7% of the circulating Class A shares, lower than the 20.1% disclosed in February this year.
The document shows that Tether had increased its holdings during Bitdeer's stock price decline in February, and this reduction occurred after the company's AI data center business drove a significant rebound in the stock price.