Bitdeer Technology Group's stock plunged 14.9% on Tuesday after Tether reduced its stake by 7.7 million shares. This sell-off occurred alongside Bitdeer's Q3 financial report, which revealed a net loss of $266.7 million, marking a 422% increase from the previous year. Tether's shareholding decreased from 38 million to 30.36 million, lowering its ownership from 23% to 18%. The sale, conducted through open-market transactions, contributed to heightened volatility in Bitdeer's share price following the earnings announcement.