Bitdeer raised $100 million from Tether in May 2024 by selling equity to the stablecoin issuer.

Quotes that support claims

The convertible debt raise adds to Bitdeer's prior fundraise efforts, including when the firm sold $100 million of its shares to the stablecoin issuer Tether in May 2024.

Bitdeer also raised capital from Tether in 2024 and secured $40 million from a debt facility with Matrix Finance in May.