Odaily Planet Daily News According to official news, BitDeer announced that it had reached an equity subscription agreement with Tether for approximately US$150 million, designing 8,587,360 Class A common shares and warrants. Tether intends to purchase up to 5,000,000 additional shares at a price of US$10.00 per share. This round of private equity subscription transactions was completed on May 30, 2024. It is reported that the BitDeer transaction will generate a total proceeds of US$100 million from the stock issuance, and if the warrants are fully exercised, an additional US$50 million may be provided.