Major Shareholder Tether Group Sells $12.69M in Bitdeer Shares
Summary
A major shareholder group, Tether Global Investments Fund, sold $12.69 million of Bitdeer Class A shares in early June, reducing their direct holdings.
Key Events
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Significant Share Sales
Tether Investments, a subsidiary of Tether Global Investments Fund, sold 627,021 Class A shares for approximately $12.69 million on June 3 and June 4, 2026.
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Major Shareholder Stake
The reporting group, including Tether Global Investments Fund and Giancarlo Devasini, continues to beneficially own 37,729,510 Class A shares, representing 19.7% of Bitdeer's outstanding shares.
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Internal Share Transfer
An internal transfer of 13,955,523 Class A shares occurred between Tether Investments and Tether International on June 12, 2026, which did not alter the aggregate beneficial ownership of the reporting persons.
Analysis
Tether Global Investments Fund and its affiliates, a significant shareholder group in Bitdeer, sold approximately $12.69 million worth of Class A shares in early June. While the group's overall beneficial ownership percentage remains high at 19.7%, these sales represent a reduction in their direct holdings and could be interpreted as a move to rebalance their portfolio or generate liquidity.
At the time of this filing, BTDR was trading at $18.38 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $6.92 to $27.80. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.