Tether-affiliated entities reported beneficial ownership of 37.7 million Bitdeer Class A shares as of June 12, equal to 19.7% of the company’s outstanding Class A shares, according to a Schedule 13D amendment filed Tuesday.
The updated position is down from the 38.3 million shares, or 20.1% stake, that Tether reported in February after a round of open-market purchases during Bitdeer’s share-price slump.






