Over the past month, Bitdeer’s stock price has dropped 28%. On a year-to-date basis, it has shed 65% of its value, making it the most heavily sold Bitcoin mining stock compared to major competitors.
Tether’s recent buying spree took place between April 2 and April 14, involving a total investment of $32 million for 4 million shares at an average price of $8.05.
Tether is making some good strides into Bitcoin mining. The recent backing up of the Ocean Pool #943175 has also come in the same time frame.