Data compiled by Woofun AI shows Tether executed a strategic reduction in its Bitdeer (NASDAQ: BTDR) position, divesting 627,000 shares between June 3 and 4. Transacted at an average price of approximately $20 per share, this activity generated roughly $12.7 million in proceeds, marking a clear profit-taking maneuver following the asset's appreciation from February lows where Tether had accumulated shares at ~$8.85.

Despite this partial exit, Tether maintains a dominant equity position, retaining 37.7 million Class A shares. This holding represents 19.7% of outstanding shares, confirming the stablecoin issuer's status as a major shareholder in the Bitcoin mining enterprise.