Tether Reduces Bitdeer Holdings, Gains Approximately $12.7 Million

On June 17, TheEnergyMag reported that Tether sold 627,000 shares of Bitdeer at approximately $20 per share between June 3 and 4, cashing out about $12.7 million. In February, when Bitdeer's stock price fell to a low, Tether had made a significant purchase at around $8.85 per share, and this reduction is seen as a profit-taking move. After the sale, Tether still holds 37.7 million shares, accounting for 19.7% of the outstanding shares, maintaining its position as a major shareholder.