Tether Strikes a Major Deal with Bitdeer, Investing $150 Million in Private Placement Shares
The highly-anticipated agreement has been announced, and it’s making waves in the financial world. A whopping 18,587,360 Class A ordinary shares, plus a tempting warrant to snag up to 5,000,000 more shares at a steal of a price – only $10.00 per share.
Bitdeer’s current share value is soaring between $6 to $7, making this a deal not to be missed. And the excitement doesn’t stop there – the private placement transaction has already raked in a staggering $100 million in gross proceeds, with the potential to double that amount to $150 million if the warrant is fully exercised.
“We regard Bitdeer as one of the strongest vertically integrated operators in the Bitcoin mining industry, differentiated by its cutting-edge technologies, and a robust R&D organization,” said Paolo Ardoino, CEO of Tether, in the press release.
“Bitdeer’s proven track record and world-class management team are perfectly aligned with Tether’s long-term strategic vision. We anticipate close collaboration with Bitdeer across several key infrastructure areas moving forward.”
Exciting news for Bitdeer’s investors as the company’s stock (BTDR) skyrockets by over 13% in intraday trading, fueled by the market’s enthusiastic reaction to Tether’s recent investment.
Exclusive: If this happens, the altcoin market is likely to grow explosively 3x
South Korea’s Justice Ministry forms task force to stop crypto crimes
XRP Trading Returns to New York on Coinbase
Tether’s interest in BTC mining
Tether, the mastermind behind the groundbreaking stablecoin USDT, is making a major move. Brace yourselves as Tether dives headfirst into the world of Bitcoin (BTC) mining, proving their unwavering commitment to growing the crypto economy.
With this strategic investment, Tether is securing a vital piece of the crypto puzzle and solidifying their role as a key player in the industry.
Tether is upping its game by diversifying its portfolio and fortifying the rock-solid reputation of its USDT token. By investing in cutting-edge blockchain technology, courtesy of the innovative minds at Bitdeer. It’s a bold move that’s sure to take Tether to new heights.