Tether has started reducing its position in Bitdeer Technologies Group, the Nasdaq-listed bitcoin mining and AI data center operator. The stablecoin issuer generated about $12.7 million in proceeds from the stake sale, according to public filings.
The February buy and the reversal
Bitdeer’s stock took a hit back in February, and Tether stepped in. It reloaded on shares during that selloff, adding to an already sizable position. Now, just a few months later, it’s trimming. The timing suggests Tether saw an opportunity to lock in gains as Bitdeer’s stock recovered from the February lows.
Why Tether’s moves matter
People watch what Tether does with its money. The company holds tens of billions in reserves backing USDT, and its investment choices get scrutinized for signals about the broader market. A mining and AI play like Bitdeer fits the narrative of diversifying beyond stablecoin reserves, but trimming after a dip-buy shows a more tactical approach.
Bitdeer itself runs both bitcoin mining rigs and AI data centers. That dual focus has made it a favorite among investors looking for exposure to both crypto and AI infrastructure. Tether’s stake reduction doesn’t necessarily mean it’s souring on the thesis – it could just be portfolio rebalancing.
What’s left and what’s next
Tether hasn’t disclosed how many Bitdeer shares it still holds or whether more sales are coming. The company continues to build out its investment arm, with holdings in mining, energy, and AI. Bitdeer, meanwhile, is expanding its AI data center capacity alongside its bitcoin mining operations.
The next quarterly filing will show whether Tether kept cutting or held steady. For now, the $12.7 million take is a tidy sum from a single trade – but it’s a drop in Tether’s overall bucket.
