Tether, the issuer of the USDT stablecoin, has increased its stake in Bitcoin miner Bitdeer to over 24%. This comes amid a downturn in the mining sector, which has heightened interest in investments in this area.
This is reported by Finway
Since the beginning of April 2025, Tether has invested approximately $32 million in Bitdeer shares, acquiring about 4 million BTDR at an average price of $8.05. It is noted that this transaction took place between April 2 and April 14, with the firm gradually increasing its stake in the company, which was 21.4% as of March 31.
According to documents, Tether began reinvesting in Bitdeer at the end of February, indicating the company’s strategic approach to increasing its market influence. Previously, Tether had already invested $150 million in this company in June 2024, and now, during the downturn in the industry, continues to support its development.
“The market capitalization of the largest American public miners fell by 25% in March 2025,” states a report from JPMorgan Chase.
Component prices are also rising due to the new policies of the U.S. administration, which complicate conditions for mining companies. However, Tether is using the situation to strengthen its positions in this segment, supporting not only Bitdeer but also the mining pool OCEAN.
Amid the overall decline, Bitdeer shares fell by 27.2% over the month, trading at $7.65 in pre-market on April 18, slightly above the previous day’s closing price.
Previously, shares of American miners reacted positively to news about the postponement of tariffs on imported goods by U.S. President Donald Trump.