Stablecoin giant Tether is purchasing up to $150 million worth of Bitdeer shares and targets close collaboration in infrastructure.
’s cryptocurrency mining firm Bitdeer is raising new capital from Tether, the operator of the world’s largest stablecoin, the eponymous Tether .into a subscription agreement with Bitdeer to purchase up to $150 million worth of its shares in a private placement, according to an official announcement on May 31.
The announcement states that on May 30, the private placement transaction generated $100 million in gross proceeds from the share issuance, with the potential to raise an additional $50 million if the warrant is fully exercised. “We are thrilled to welcome Tether as a significant investor in Bitdeer,” Bitdeer chief business officer Linghui Kong said, adding:
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