[2025-04-18] The latest IT, economic, blockchain and coin news
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2025-04-18 | Curator: CryptoTerminal
As Bitcoin Mining Companies Slump, Tether Loads Up on Bitdeer
Bitcoin miners may be struggling as the price of the biggest cryptocurrency by market value trades sideways, and investors sell off their equity—but stablecoin giant Tether is betting big on one of the sector's largest players, purchasing about $32 million in equity in publicly traded Bitdeer in April. An SEC filing shows Tether snapped up the shares as the price of Bitdeer’s stock dropped. Tether did not immediately respond to Decrypt’s questions, but the company has increased its interest in t...