According to documents filed with the U.S. Securities and Exchange Commission, stablecoin issuer Tether has increased its holdings in Bitcoin mining company Bitdeer (BTDR). According to documents submitted to the U.S. Securities and Exchange Commission, Tether and its subsidiaries Tether International, SA de CV and Tether Investments, SA de CV currently hold a total of 31,891,689 Class A common shares of Bitdeer, accounting for 21.4% of the company's issued shares.
Tether is best known for its stablecoin USDT. However, the company has been investing in Bitcoin mining, energy, and artificial intelligence infrastructure over the past few years. At the same time, Bitdeer has been seeking vertical integration of Bitcoin mining operations from silicon to energy. Bitdeeer recently announced test results for its SEALMINER A3 chip, which performed below 10 J/TH in lab tests.