- Tether has increased his participation in the Bitcoinmin Bitdeer to 21.4% and now holds 31,891,689 class A.
- The step belongs to the expansion of Tether into Bitcoin mining and aims at long-term infrastructure growth beyond the output of stablecoins.
Tether, the world’s largest stable coin emittent, is expanding its influence in the Bitcoin business. From documents that bei der US Securities and Exchange Commission (SEC) were submittedit shows that Tether now holds a share of 21.4 % in the Bitdeer Technologies Group (BTDR).
With a total of 31,891,689 class A, this campaign underlines Tether’s ambitions in the mining industry, which started with a first investment of $ 100 million in May 2024.
Tether expands his influence on Bitcoin mining
Bitdeer is not an ordinary player in this business. The company is based in Singapore and, among other things, shreds in Bhutan, Norway and the United States. Tether is not only a stable coin emittee, but also an important participant in the area of blockchain infrastructure and thus strengthens his position in the supply chain of the Bitcoin industry.
In addition, this investment fits the long-term strategy of Tether, Bitcoin grazing in Uruguay, Paraguay and El Salvador. In addition to ensuring Bitcoin supply in his ecosystem, Tether also wants to ensure that his activities remain strong in the sector’s demanding dynamics.
Tether expands beyond crypto into traditional markets
Tether is no longer just a USD-emittent with a concentration on the cryptoma market. The company has recently extended its product range aggressively to several industries.
The campaign by Tether on February 14, 2025 to buy a minority stake in the Juventus Football Club clearly shows this. Tether’s advance into the sports industry shows a more general business approach than just participation in digital asset management.
On the other hand, CNF has already reported that Tether also makes a majority stake in Adecoagro, an energy and agricultural company.
This shift indicates that Tether’s growth now also reaches more traditional sectors and exceeds the limits of the cryptoma market. This approach thus helps to emphasize the blockchain even more as a decisive component of global investments.
Strengthening the regulatory connections and reporting
Tether has recently attracted a lot of attention for his openness and dealing with the authorities. The CEO of Tether, Paolo Ardoinino, said that the company is now working to improve its reputation by increasing operational openness. A specific step is to publish quarter reports that offer a better overview of the reserves and the company’s investment strategy.
Ardoino also emphasized that Tether expanded his cooperation with the authorities to prevent illegal activities in the crypto industry. This is done to ensure that the company remains in line with the international rules.
Reinforcement of the financial supervision with new CFO
Apart from his considerable growth, Tether also conducts internal adjustments to ensure the profitability of its activities. As we have already reported, Simon McWilliams was appointed Chief Financial Officer (CFO).
McWilliams has more than 20 years of experience in the management of financial audits at investment companies and is supposed to lead Tether to a complete financial audit – one of the largest hurdles for the company.
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