Tether increases stake in Bitdeer as miner sells entire bitcoin treasury

Group 1 - Tether purchased $42 million worth of Bitdeer shares, increasing its total stake to 20.1% amid an 18% decline in the miner's stock [1] - Tether now holds 38,356,531 shares in Bitdeer, up from 32,244,062 shares at the end of November 2025, with the largest transaction being 3.7 million shares bought when the stock was near its lowest levels since April 2025 [2] - Bitdeer liquidated its entire bitcoin treasury, stating it now holds zero bitcoin, and emphasized that this decision should not concern the broader market as it plans for non-binding powered land acquisition opportunities [3] Group 2 - Bitdeer shares closed at $7.78 following the announcement of a refinancing package, which included a $325 million convertible senior notes deal and a registered direct equity offering [3]