Tether Increases Stake in Juventus to Over 10% with Expanded Investment
Tether, the issuer of the world’s leading stablecoin, has raised its stake in the Juventus Football Club to more than 10%, building on its initial investment made earlier this year.
This latest move boosts Tether Investments S.A. de C.V., the company’s investment arm, to a 6.18% share of voting rights, solidifying its role as a major shareholder and signaling its growing influence in the governance and financial strategy of the prestigious Italian club.
Founded in 1897, Juventus is one of the most successful football clubs in Europe, boasting 36 league titles. Tether first acquired an 8.2% stake in the club back in February, signaling an early commitment to the team.
Paolo Ardoino, CEO of Tether, emphasized that this investment goes beyond just financial backing. “Juventus is poised to lead both on the pitch and in adopting technologies that enhance fan engagement, digital experiences, and long-term financial stability,” said Ardoino. “We are excited about the possibilities this partnership can unlock.”
Tether also signaled its intention to participate in future funding rounds to bolster Juventus’s financial health and help preserve its ownership stake from potential dilution.
In addition to its crypto-related ventures, Tether has been expanding its portfolio into sectors like artificial intelligence, bitcoin mining, and agriculture. The company reported an impressive $13 billion profit last year.
Juventus shares have seen a positive uptick, rising more than 2.7% to 3.2 euros ($3.65) at the time of writing.
