Tether Expands Its Stake in Bitcoin Mining Firm Bitdeer With Holdings of 22.8% Shares

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has sharply declined in recent weeks. On Monday, it dropped to a yearly low of approximately $74,420, marking a 32% pullback from its all-time high of $109,000. Despite the drop, institutional investors and major entities like Tether continue to express confidence in the cryptocurrency, strengthening their portfolios despite market fluctuations.

🚨NEW: According to a recent @SECGov filing, @Tether_to has upped its stake in $BTC miner @BitdeerOfficial to 22.8.% from 21%.

— Eleanor Terrett (@EleanorTerrett) April 8, 2025

Tether Boosts Bitdeer Stake

As the entity behind the USDT stablecoin, Tether has been diversifying its investments into Bitcoin mining, artificial intelligence, and energy-related ventures. According to a recent U.S. Securities and Exchange Commission (SEC) filing, Tether has expanded its investment in Bitcoin mining by increasing its stake in Bitdeer (BTDR). 

Notably, the stablecoin issuer and its subsidiaries now hold 34,066,689 Class A common shares of Bitdeer. This represents 22.8% of the company’s outstanding shares. This represents a 6.5% increase in Tether’s stake from the 21.4% disclosed three weeks earlier.

Tether Expands Its Bitcoin Holdings

Tether has also bolstered its BTC treasury as part of its broader strategy to support Bitcoin infrastructure. On the final day of Q1 2025, the company acquired 8,888 BTC, according to Arkham Intelligence.

The acquisition was valued at approximately $735 million at the time of purchase. This raises Tether’s total Bitcoin holdings to 100,521 BTC, currently worth about $7.65 billion. The move underscores Tether’s deepening involvement in the Bitcoin ecosystem’s infrastructure and treasury aspects.

Tether’s latest Bitcoin acquisition follows its policy of allocating 15% of realized profits toward BTC purchases, a strategy first outlined in May 2023. In addition to its Bitcoin reserves, Tether’s on-chain portfolio includes approximately $4.81 billion in USDT, $202.7 million in its gold-backed token XAUT, and $49.68 million in AUSDF.

Notably, this disciplined approach to asset allocation has supported Tether’s robust financial standing. According to its Q4 financial report, the company recorded an annual profit of $13.7 billion, which is the highest to date. The firm continues to dominate the stablecoin sector, with $45 billion in newly issued USDT pushing its total market capitalization to approximately $144 billion.

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