BTDRBitdeer Technologies Group

Finance Services

Revenue: —
Operating margin: —
EBITDA: —
Market cap: $1.6B
Employees: —
Net debt / EBITDA: —
AI in 10-K: —

Takeover score 1 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
—
Cash flow under 80% of net income
Dilutive SBCNo
—
Over 10% of revenue
Payouts exceed cash flowNo
—
Buybacks + dividends over cash flow
Goodwill-heavyNo
—
Over 40% of assets
Shareholder dissentNo
—
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AINo
—
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedYes
$1.6B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
$447K net
Net sales over $10M in 12 months

Financials

No XBRL financials yet.

Deal filings

None.

13D filers

Filed	Filer	Form	Stake	Intent
Jun 30, 2026	Tether Global Investments Fund, S.I.C.A.F., S.A.	SCHEDULE 13D/A	19.7%	Passive
Jun 16, 2026	Tether Global Investments Fund, S.I.C.A.F., S.A.	SCHEDULE 13D/A	19.7%	Passive
Apr 20, 2026	Shinning Stone Invest Co., Ltd.	SCHEDULE 13D/A	4.9%	Passive
Feb 20, 2026	Tether Global Investments Fund, S.I.C.A.F., S.A.	SCHEDULE 13D/A	20.1%	Passive
Nov 25, 2025	Tether Holdings, S.A. de C.V.	SCHEDULE 13D/A	18.2%	Passive
Nov 10, 2025	Tether Holdings, S.A. de C.V.	SCHEDULE 13D/A	18.1%	Passive
Apr 23, 2025	Tether Holdings, S.A. de C.V.	SCHEDULE 13D/A	25.5%	Passive
Apr 15, 2025	Tether Holdings, S.A. de C.V.	SCHEDULE 13D/A	24.2%	Passive
Apr 8, 2025	Tether Holdings, S.A. de C.V.	SCHEDULE 13D/A	22.8%	Passive
Mar 17, 2025	Tether Holdings, S.A. de C.V.	SCHEDULE 13D/A	21.4%	Passive

Insider trading

Open-market buys, 12 mo: $447K · 2
Open-market sells, 12 mo: $0 · 0
Net: $447K

Pay vs performance

No pay-versus-performance disclosure yet.