Tether Sells Bitdeer Shares at High Price, Realizing ~$12.7 Million

TechFlow News, June 17: According to TheEnergyMag, Tether sold 627,000 shares of Bitdeer (NASDAQ: BTDR) between June 3 and 4 at approximately $20 per share, raising roughly $12.7 million. Earlier this year, in February—when Bitdeer’s stock price was depressed—Tether had aggressively purchased shares at an average price of approximately $8.85 per share; this recent sale is thus viewed as profit-taking at a high price point. Following the sale, Tether still holds 37.7 million Class A shares of Bitdeer, representing 19.7% of the company’s outstanding shares, maintaining its position as Bitdeer’s largest shareholder.