🎉🎉Good news! BitDeer official news revealed that they have reached an equity subscription agreement worth US$150 million with Tether International Limited (hereinafter referred to as "Tether"). 👏👏
According to the agreement, Tether will subscribe for 8,587,360 Class A common shares and warrants, and may also purchase up to 5,000,000 additional shares at a price of US$10.00 per share. This transaction is expected to be completed on May 30, 2024. 📅
This transaction is a big win for BitDeer as they will receive a total proceeds of US$100 million from the stock issuance. Moreover, if the warrants are fully exercised, an additional US$50 million may be provided. 💰💰
This is good news for Bitcoin supporters as it shows the market's confidence in Bitcoin. Let us look forward to the future development of BitDeer! 🚀🚀