Tether Records $3.7 Million Profit from Strategic Bitdeer Share Sale

Tether, the issuer of the world's largest stablecoin USDT, has strategically reduced its equity stake in the Bitcoin mining company Bitdeer Technologies Group. On June 3 and June 4, 2026, the company divested a portion of its holdings, capitalizing on recent price appreciation to secure approximately $3.7 million in profit. Despite this sale, Tether remains a cornerstone investor in the Singapore-based mining firm, maintaining its status as one of the largest shareholders in the enterprise.

Strategic Entry and Exit Points

The recent transaction involved the sale of 627,000 shares of Bitdeer (BTDR) at an average market price of $10.00 per share. This move follows a period of aggressive accumulation earlier this year. Reports indicate that when Bitdeer’s valuation bottomed out in February 2026, Tether significantly increased its exposure by purchasing shares at an entry price of approximately $4.85. By offloading a fraction of these assets at the current peak, the company effectively doubled its investment on the specific units sold.

• Transaction Dates: June 3–4, 2026.
• Volume Sold: 627,000 shares.
• Exit Price: ~$10.00 per share.
• Entry Price (Feb 2026): ~$4.85 per share.

Tether’s Continuing Influence in Mining

While the recent sale represents a tactical profit-taking move, it does not signal a departure from Tether’s long-term interest in the Proof-of-Work (PoW) ecosystem. Following the reduction, Tether continues to hold 37.7 million shares of Bitdeer. This substantial position represents 19.7% of all outstanding shares, ensuring that the stablecoin provider retains significant influence over the company's strategic direction. Bitdeer, led by Jihan Wu, is a major player in the global hash rate market and provides diversified cloud mining and hosting services.

The decision to diversify into mining infrastructure aligns with Tether's broader goal of supporting the Bitcoin network and allocating its massive reserves into productive crypto-adjacent industries. Market analysts view the $3.7 million gain as a demonstration of Tether's ability to manage its venture capital portfolio with the same rigor applied to its reserve backing. As the blockchain industry matures, such intersections between liquidity providers and infrastructure operators are becoming increasingly common.