{"id":15780,"date":"2025-11-12T00:08:01","date_gmt":"2025-11-12T00:08:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitdeer-stock-plummets-again-as-tether-trims-major-stake\/"},"modified":"2025-11-12T00:08:08","modified_gmt":"2025-11-12T00:08:08","slug":"bitdeer-stock-plummets-again-as-tether-trims-major-stake","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitdeer-stock-plummets-again-as-tether-trims-major-stake\/","title":{"rendered":"Bitdeer stock plummets again as Tether trims major stake"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitdeer Technology Group\u2019s week got worse. After the Bitcoin mining company announced a $266 million net loss, its cornerstone investor, Tether, decided to downsize its stake. <\/p>\n<div id=\"cn-block-summary-block_f2a2f60de1b44dbc6c3def008899867e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitdeer stock fell sharply Tuesday after Tether trimmed its stake by 7.7 million shares.<\/li>\n<li>The sell-off coincided with Bitdeer\u2019s Q3 net loss of $266.7 million, a 422% jump from last year.<\/li>\n<li>Tether\u2019s holdings dropped from 38 million to 30.36 million shares, representing an 18% stake.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a recent <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ir.bitdeer.com\/node\/8841\/html\" target=\"_blank\" rel=\"nofollow\">filing<\/a>, Tether has unloaded approximately 7.7 million shares since September, grossing around $166 million and reducing its stake from roughly 23% to 18%.<\/p>\n<p>This sell-off, executed through a series of calculated open-market transactions, appears to have acted as a powerful accelerant to the share price volatility already ignited by Bitdeer\u2019s disappointing third-quarter earnings report the day prior.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Tether\u2019s stake reduction adds pressure on Bitdeer stock<\/strong><\/h2>\n<p>Bitdeer stock has felt the weight of Tether\u2019s gradual exit, which began in mid-September with a series of open-market sales. According to filings with the U.S. Securities and Exchange Commission, Tether sold 351,061 shares on September 12 at an average price of $16.07, followed by consecutive disposals on September 22 and 23 at $17.26 and $18.28 per share, respectively.<\/p>\n<p>The strategy shifted into a higher gear in mid-October, however, when Tether executed its most substantial disposals. On October 15 alone, the company sold over 3.2 million shares in several tranches, capitalizing on prices that had climbed to $25.49 and $27.16 per share.<\/p>\n<p>Tether\u2019s exit strategy stands in stark contrast to the company\u2019s earlier accumulation of Bitdeer stock. Earlier this year, between February and April, the USDT issuer aggressively expanded its position, purchasing approximately 8 million shares at bargain prices ranging from $7.61 to $10.<\/p>\n<p>That buying spree had cemented its status as a cornerstone investor. As of November 10, following its recent sales, Tether\u2019s holding now stands at 30.36 million Class A shares, representing an 18% stake in the company, down from its peak of 38.07 million shares in April.<\/p>\n<p>The reasons behind the recent trimming remain unclear, but the timing coincided closely with Bitdeer\u2019s Q3 earnings report, which revealed a net loss of $266.7 million. That\u2019s a 422% decline from the same period last year. <\/p>\n<p>Bitdeer\u2019s stock price closed Tuesday at $15.02 per share, down 14.9%.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitdeer Technology Group\u2019s week got worse. After the Bitcoin mining company announced a $266 million net loss, its cornerstone investor, Tether, decided to downsize its stake. Summary Bitdeer stock fell&hellip;<\/p>\n","protected":false},"author":1,"featured_media":214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15780","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15780"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15780\/revisions"}],"predecessor-version":[{"id":15781,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15780\/revisions\/15781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/214"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}