Tether raised its stake in Juventus to over 10% as part of its broader push into sports, media and crypto investments.
Tether Investments — the investment arm of leading stablecoin issuer Tether — acquired additional shares in Juventus Football Club.
According to an April 24 announcement, with its latest investment, Tether brought its total participation in Juventus to over 10.12% of the issued share capital, representing 6.18% of the voting rights. The investment follows the firm’s initial acquisition of 8.2% of the issued shares.
Tether CEO Paolo Ardoino said that the investment is not only a short-term financial maneuver but “a commitment to innovation and long-term collaboration.” He added:
