Story Highlights
- Tether increases stake in Bitcoin mining firm Bitdeer.
- GENIUS Act for stablecoin regulation advances in Senate.
- Tether may benefit from GENIUS Act’s regulatory flexibility.
Tether has increased its investment in Bitcoin mining company Bitdeer (BTDR), according to a recent U.S. SEC filing. The recent filing reveals that Tether and its subsidiaries currently hold 31,891,689 Class A common shares in Bitdeer. The shares constitute 21.4% of the company’s total outstanding stock.
The famous stablecoin USDT represents the primary product of Tether. The company has implemented new ventures in Bitcoin mining as well as energy infrastructure and artificial intelligence systems (AI) infrastructure. Tether advances its business plan by expanding operations beyond stablecoin products.
The operations of Bitcoin mining at Bitdeer have remained the main focus of the company. Jihan Wu founded the company, which has directed its focus on complete vertical integration to develop silicon chips and manage energy resources. Bitdeer presented the outcome from its lab tests on the SEALMINER A3 chip showing under 10 J/TH energy efficiency.
Tether May Gain Flexibility Under Proposed Stablecoin Law
The U.S. Senate Banking Committee delivered its GENIUS Act approval to become law on March 13th 2025. The GENIUS Act establishes readiness standards for companies that issue stablecoins. To become official law, the bill needs additional approval from both the House of Representatives along with the full Senate.
Tether could receive benefits from the GENIUS Act based on an assessment by AlexThorn, who leads research activities at Galaxy Digital. He argues that the bill enables Tether to seek onshore registration although the company remains free to operate without registration. The legislation would offer Tether more options to operate in market competitions.
Recent market conditions have not stopped Bitdeer from building its Bitcoin holdings at a substantial rate. From January 2025 onward Bitdeer has increased its Bitcoin investment by 75% allowing the company to hold 1,039 Bitcoins valued at $87 million.
Bitdeer implements this strategic move to shift mining rigs toward its self-production initiatives which accounts for the increased Bitcoin holdings. The delay of consumer payments for SEALMINER A2 units became possible when Bitcoin’s value decreased because Bitdeer responded to market requests. With Tether’s growing investment and Bitdeer’s strategic adjustments, both companies are making bold moves in the evolving cryptocurrency landscape.
