Tether’s Bitdeer Investment Secured With $100 Million
Bitdeer has entered into a subscription agreement for the private placement of 18,587,360 Class A ordinary shares, which has generated $100 million in proceeds. Additionally, Tether has secured an option to buy an extra $50 million in stocks
Tether's Bitdeer Investments Reach Agreement
Additionally, Tether has secured an option to buy an extra $50 million in stocks. Tether's Bitdeer investment is part of Tether's strategic expansion into various sectors of digital assets.
Bitdeer has entered into a subscription agreement for the private placement of 18,587,360 Class A ordinary shares, which has generated $100 million in proceeds. The warrant is subject to anti-dilution provisions and is exercisable at Tether's discretion within 12 months of the closing.
The funds raised from this transaction will be used by Bitdeer to expand its data centers and develop ASIC-based mining machines. The net proceeds are also earmarked for working capital and other general corporate purposes.
