Tether purchases $100 million of shares in Bitcoin miner Bitdeer

Bitcoin mining and AI cloud solutions firm Bitdeer Technologies Group entered into an agreement with Tether for the private sale of up to $150 million of its shares on Thursday.

It also included a warrant for Tether to buy up to 5 million more shares at the price of $10 per share. The warrant, if fully utilized, would see the company raise another $50 million. It’s subject to customary anti-dilution provisions and can be carried out at Tether’s discretion within 12 months. Bitdeer’s Chief Business Officer Linghui Kong said that the investment from Tether “demonstrates confidence in our vision and the strength of our extensive global operations.”

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Daily spot bitcoin ETF inflows top $100 million as ARKB overpowers GBTCSpot bitcoin ETFs in the U.S. saw a daily net inflow of over $100 million yesterday as ARKB inflows overpowered the usual GBTC outflows.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Ark Invest’s spot bitcoin ETF logs record $100 million in daily net outflowsSpot bitcoin ETFs in the U.S. recorded their 13th consecutive day of net inflows on Thursday, drawing in $48.71 million.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Max Keiser Explains How Tether and El Salvador Will Send Bitcoin (BTC) Price to $220KCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »