Major Shareholder Tether Global Investments Fund Increases Stake by $42.1M, Now Owns 20.1%

summarizeSummary

Tether Global Investments Fund, a significant institutional investor, substantially increased its stake in Bitdeer Technologies Group by purchasing over 5 million shares for $42.1 million, bringing its total ownership to 20.1%.

check_boxKey Events

• Significant Share Accumulation

  Tether Global Investments Fund, through its subsidiary, purchased 5,008,335 Class A ordinary shares in open market transactions between February 17-19, 2026.

• Substantial Investment Value

  The total value of these recent purchases amounted to approximately $42.1 million, representing a significant investment relative to the company's market capitalization.

• Increased Ownership Stake

  Following these transactions, the reporting persons collectively beneficially own 38,356,531 Class A shares, equating to 20.1% of the outstanding shares.

• Purchases Above Current Market Price

  The shares were acquired at average prices ranging from $8.01 to $9.83, which are above the current stock price of $7.87 and the recent direct offering price of $7.94.

auto_awesomeAnalysis

This Schedule 13D/A filing reveals a significant vote of confidence from a major institutional investor, Tether Global Investments Fund, and its controlling individual, Giancarlo Devasini. The purchase of over 5 million shares for approximately $42.1 million, representing 2.34% of the company's market capitalization, demonstrates strong conviction, especially as these shares were acquired at prices above the current market value and a recent direct offering price. This substantial investment by a key shareholder, occurring amidst recent capital raises and positive operational results, could signal strong belief in the company's future prospects and potentially offset some of the recent dilutive effects.