Tether Sells 627,000 Shares of Bitdeer at Approximately $20/Share, Cashing Out $12.7 Million
Tether sold approximately 627,000 shares of Bitdeer between June 3 and 4 at an average price of about $20 per share, cashing out approximately $12.7 million. Previously, it had purchased these shares at around $8.85 per share during a low in February.
After the sale, Tether still holds about 37.7 million shares of Bitdeer, accounting for 19.7% of the outstanding shares, maintaining its status as a major shareholder. This operation is seen as a profit-taking move at a high price.
In market mechanisms, crypto and mining investors are paying attention to Tether's capital allocation signals, which drive funds to flow between mining company stocks like Bitdeer. As a major shareholder, Tether directly benefits from realizing floating profits, while short-term selling pressure puts pressure on the stock price, prompting capital to concentrate on diversified holdings in stablecoin issuers.
Source: Public Information
ABAB AI Insight
Tether has previously bought Bitdeer shares at low prices and sold them at high prices, a strategy similar to its early investments and rebalancing in Bitcoin mining companies, which involved multiple rounds of buying and selling operations to optimize crypto asset exposure by 2025.
In terms of capital strategy, Tether reallocates stablecoin reserves and profit resources to mining equity investments, achieving profit recycling through buying low and selling high, rather than simply holding, supporting its overall ecosystem expansion and liquidity management.
Similar cases include Tether's previous phased adjustments in holdings of other mining companies and the common high-frequency rebalancing strategies of crypto funds. Tether is currently in a control phase of transforming its stablecoin empire from a single reserve to a diversified asset allocation.
From a structural perspective, this essentially represents capital concentration. Tether locks in mining pricing power profits through precise timing operations, leveraging the cash flow advantages of stablecoins to amplify its bargaining and resource mobilization capabilities within the Bitcoin ecosystem, further concentrating capital among a few large players.
ABAB News · Cognitive Law
Cash flow leverage defines buying and selling timing: Stablecoin profits act as ammunition, and buying low and selling high amplifies structural gains.
Holding ratios are more important than absolute numbers: After the sale, Tether still controls nearly 20%, maintaining core control, with floating profits already realized.
Ecosystem players sell volatility rather than assets: Those who master reserves and timing loops lock in pricing leverage in the crypto industry chain.