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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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  • Guides
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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

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    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Carrieverse and Disney Ink Content Deal

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    Somnia Launches Playground App to Empower Metaverse Creators

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    Volume Plunges While Transactions Soar

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    Boxed Memecoins as Collectible Toys

    Boxed Memecoins as Collectible Toys

    Hype fades as NFT platforms lose users

    Hype fades as NFT platforms lose users

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    What are Floki’s Flokitars?

    What are Floki’s Flokitars?

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    ChatGPT vs X: Who Sees Crypto Narratives First?

    Why AAA Game Studios Will Eventually Embrace NFTs

    Why AAA Game Studios Will Eventually Embrace NFTs

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

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    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

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    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

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    Less Hype, More Utility: 5 Ways NFTs Are Rebuilding in 2025

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

    ‘OpenSeason’ Crypto Game Goes Offline as Devs Pivot to Gambling on Nudity

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    Off The Grid studio unveils Solana cofounder-inspired skin

    Web3 Powerhouses Fabwelt and LoveBit Unite to Drive Purpose-Driven GameFi

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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

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    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

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Home Mining

As Bitcoin Mining Companies Slump, Tether Loads Up on Bitdeer

April 18, 2025
in Mining
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As Bitcoin Mining Companies Slump, Tether Loads Up on Bitdeer
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Bitcoin miners may be struggling as the price of the biggest cryptocurrency by market value trades sideways, and investors sell off their equity—but stablecoin giant Tether is betting big on one of the sector’s largest players, purchasing about $32 million in equity in publicly traded Bitdeer in April.

An SEC filing shows Tether snapped up the shares as the price of Bitdeer’s stock dropped. Tether did not immediately respond to Decrypt’s questions, but the company has increased its interest in the Bitcoin mining space: The company bought a stake in Bitdeer last year, and in March, filings showed that it had increased its stake in the company to 21%.

READ ALSO

Russia elevates AI over Bitcoin with impending ban on data center mining

BIT Mining’s strategic leap into Solana propels stock to 3-year high

The stablecoin company said Monday that it would support Bitcoin mining pool Ocean, too, by providing it with hash rate to help mine blocks and reap the BTC rewards.

Nasdaq-listed Bitdeer (BTDR) finished the day trading at $7.62 a share, down nearly 67% year-to-date and part of an industry-wide swoon that’s come as Bitcoin has lost momentum and mining difficulty has soared, making it difficult for miners to recover their costs.

The share price of MARA Holdings, the largest miner by market capitalization, is off 26% so far this year, while fellow large miner Riot Platforms is down over 38%.

Last week, miners quickly offloaded Bitcoin in frantic selling, likely to raise funds, data from CryptoQuant showed.

See also  Report: Bitcoin Miners Sitting on 100K BTC Fortune — But Owe $4.6B

Bitcoin was recently changing hands at about $85,000, up nearly 7% over the past week but well off its record high near $109,000 set in January.

Tether is the company behind USDT, a digital token that runs on a number of blockchains. USDT is the biggest stablecoin, the third-largest cryptocurrency in terms of market cap, and often the most-traded crypto token by daily volume.

As a stablecoin, it’s backed by dollars, treasuries, and other investments, so the value of the cryptocurrency can be used like fiat currency—mainly so traders can enter and exit trades without using a bank.

Tether has had legal problems, though. In February 2021, the company agreed to no longer do business in New York after a two-year state attorney general investigation found it had “made false statements about the backing” of its stablecoin.

Still, Tether has pointed to quarterly attestations and transparency reports as proof its crypto is backed as claimed. The firm also confirmed to Decrypt that it is working with a Big Four accounting firm to get independently audited.

Edited by James Rubin

Tags: BitcoinBitdeercompaniesLoadsMiningSlumpTether

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