Tether Reduces Bitdeer Stake to 19.7%, Sells 627K Shares at $20.37 Over Two Days

According to a Schedule 13D amendment filed Tuesday, Tether-affiliated entities reduced their Bitdeer ownership to 37.7 million Class A shares, or 19.7% of outstanding shares as of June 12, down from 38.3 million shares (20.1%) reported in February. Tether Investments sold 373,904 shares on June 3 at a weighted average price of $20.3668 and 253,117 shares on June 4 at $20.0137, according to the filing. The combined 627,021 shares generated approximately $12.7 million in proceeds.
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