Tether Sells 627,000 Bitdeer Shares at ~$20 Each, Raising $12.7M on June 3–4

According to TheEnergyMig, Tether sold 627,000 Bitdeer shares (NASDAQ: BTDR) at approximately $20 per share on June 3–4, generating about $12.7 million. The sale represents a profit-taking move following the company's earlier purchase of shares in February at around $8.85 per share during a period of lower valuations.

After the reduction, Tether retains 37.7 million Class A shares of Bitdeer, representing 19.7% of outstanding shares and maintaining its position as the largest shareholder.