Tether unloads 20%of its stake in bitcoin miner Bitdeer

Stablecoin issuer Tether has trimmed its holdings successful Bitcoin miner and AI information halfway steadfast Bitdeer (Nasdaq: BTDR) by immoderate 7.7 cardinal shares for $166 cardinal successful gross net since the April highest holding, caller filings show.

The simplification follows a bid of unfastened marketplace income completed betwixt September and October 2025. Filings amusement Tether sold millions of Bitdeer shares successful aggregate tranches astatine prices ranging from astir $16 to $27 per share.

As of Nov. 10, 2025, Tether held 30,356,531 Class A shares of the Singapore-based bitcoin mining and infrastructure company, oregon astir 18% of Bitdeer’s communal shares. That is down from 38,066,689 shares arsenic of April 23, 2025.

Sales began connected Sept. 12, erstwhile Tether sold 351,061 shares astatine an mean terms of $16.07. Additional transactions took spot connected consecutive trading days done precocious September, including 616,088 shares connected Sept. 22 astatine $17.26 and 64,490 shares connected Sept. 23 astatine $18.28.

In October, Tether executed its largest disposals, selling much than 3.2 cardinal shares connected Oct. 15 crossed respective transactions priced betwixt $25.49 and $27.16. The institution sold a further 212,200 shares connected Oct. 16 astatine $26.16 and 214,027 shares connected Oct. 20 astatine $26.27.

Earlier successful 2025, Tether had expanded its holdings successful Bitdeer by immoderate 8 cardinal shares done a bid of unfastened marketplace purchases. Between February and April, it bought shares astatine prices betwixt $7.61 and $10.00, including 519,170 shares connected Feb. 26 astatine $10.00, 783,741 shares connected Mar. 10 astatine $9.95, and 800,000 shares connected Apr. 4 astatine $7.90.

Why did Tether sell? It’s unclear, but we bash cognize that Bitdeer struggled successful markets pursuing its Q3 2025 net report, which missed connected cardinal figures specified arsenic income. The institution besides announced its caller SEAL04 chips were “significantly delayed” owed to method difficulties successful production.
BTDR dropped 20% Monday, and a further 9% Tuesday morning.