Everyone's screaming "Bitcoin winter!", but smart money's building an igloo. Then after that you see Bitdeer’s stock price tanking and you think oh disaster. I see opportunity. Tether's recent $32 million equity purchase in Bitdeer isn't reckless; it's a calculated bet on the future, a masterclass in contrarian investing that...
Tether, the company behind the world’s largest stablecoin USDT, has increased its investment in Bitcoin mining company Bitdeer. In April, it raised approximately $32 million in equity funding. This shift marks Tether’s increasing appetite for the Bitcoin mining industry, despite challenging market headwinds for many Bitcoin mining companies. Despite the...
Okay, sure — at first glance, Tether doubling down on Bitdeer seems like a smart business move. Mining stocks are in the dumps, time to buy the dip, amirite? They netted $32 million of equity when Bitdeer’s share price was tanking. Seems like a smart play. We cannot allow ourselves...