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Tether’s latest high-level selloff in Bitdeer looks like a classic low-buy, high-sell play—the institutional “reaper” hands are still quick to harvest, aren’t they?
After the reduction, Tether holds 37.7 million shares of Bitdeer Class A common stock, accounting for 19.7% of the circulating Class A shares, down from 20.1% disclosed in February this year.
Documents show that Tether had increased its holdings during Bitdeer's stock price decline in February this year, and this reduction occurred after the company's AI data center business drove a significant rebound in the stock price.