Tether has reduced its position in Bitcoin mining firm Bitdeer after selling approximately 627,000 shares worth around $12.7 million, according to recent disclosures. Despite the sale, the issuer of USDT remains one of Bitdeer’s largest shareholders, holding a 19.7% stake in the company.
The transaction took place on June 3 and June 4, with the shares sold at roughly $20 each. Following the sale, Tether continues to own about 37.7 million Class A shares, maintaining a significant presence in the Bitcoin mining and infrastructure company.
Tether Trims Bitdeer Stake After AI Push Lifts Bitcoin Mining Stock $BTDR https://t.co/TNs00dhPFA
— TheEnergyMag (@TheEnergyMag) June 17, 2026
Tether takes profit on earlier purchases
The latest sale appears to be a profit-taking move after Bitdeer’s stock price climbed sharply from levels seen earlier this year.
Reports indicate that Tether accumulated additional Bitdeer shares in February at an average price of about $8.85 per share. Selling part of that position near the $20 mark allowed the company to lock in gains while keeping most of its investment intact.
Tether first became a major investor in Bitdeer in May 2024 through a financing agreement worth up to $150 million. The investment strengthened Tether’s exposure to Bitcoin mining infrastructure and made it one of Bitdeer’s key strategic backers.
Is Bitdeer expanding beyond Bitcoin mining?
The share sale comes as Bitdeer continues to diversify its business beyond traditional Bitcoin mining operations.
In recent months, the company has increased its focus on AI cloud services, data center infrastructure and colocation opportunities. Bitdeer also appointed former Corsair Gaming executive Michael Potter as chief financial officer to support its next phase of growth.
Operationally, the company reported mining 783 BTC in April while generating about $69 million in annual recurring revenue from its AI cloud business. Management has also been evaluating facilities across the United States, Norway, Bhutan and Ethiopia for potential AI-related expansion.
Market reaction shows limited reaction
Investors showed little concern following news of the transaction.
Bitdeer shares closed at $18.25 on June 16, down just 0.38% for the day, before recovering slightly in pre-market trading. The muted reaction suggests the market views the sale as a routine portfolio adjustment rather than a signal of weakening confidence.
Tether has previously described Bitdeer as one of the strongest vertically integrated Bitcoin mining operators in the industry. With nearly one-fifth ownership still in place, the stablecoin giant remains heavily invested in the company’s long-term growth and infrastructure strategy.
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