Tether Investments – The investment arm of top Stablecoin issuer Tether – got more shares with the Juventus Football Club.
According to one April 24 announcementIn its latest investment, Tether brought its total participation to Juventus to more than 10.12% of the issued sharing capital, representing 6.18% of voting rights. Investment complies with firm Initial obtaining 8.2% of issued shares.
Tether CEO Paolo Ardoino said the investment was not only a short -term finance maneuver but “a promise to change and long -term collaboration.” He added:
“We believe that Juventus is uniquely positioned to rule the farm and to embrace technology that can increase fan interaction, digital experiences, and financial stability. We are excited about future opportunities.”
The founder of Obchakevich Research, Alex Obchakevich, told Cointelegraph that Tether’s Juventus stake increased a “attempt to prove to investors and users that the company is more than a stablecoin.” Investors can also not be the only target:
“It is also a way to improve your image with regulators (especially in the European Union) by showing transparency and stability.”
Obchakevich added that he believes that “Tether is trying to return to the European market” after losing access to issues following local markets in crypto-assets (MICA) regulations. Top Crypto Exchange Binance Delisted Tether’s Stablecoin, USDT (USDT), in the European Economic Area (EEA) Earlier this monthAnd now a “stake in Juventus is one of the options for returning to the EU market.”
What is Juventus?
Juventus is a professional soccer club based in Turin, Italy, which is widely considered one of the most successful and popular teams in Italian and European soccer history. Established in 1897Juventus, commonly known as “Juve,” is competing with Serie A, top soccer league of Italy.
The club has won many national and international titles, including many Serie A championships, Coppa Italia trophies and UEFA competitions. Tether expressed his desire to work closely to the leadership and stakeholders of the Soccer Club, as well as provide additional financial support:
“As a further demonstration of its long -term commitment, Tether is also open to participating in any injections to equity equity to help strengthen Juventus’s financial foundation and avoid dilution of its position.”
Tether is in a spree shopping
This is just the latest in a long series of Tether’s investments. According to reports from earlier this month, Brandon Lutnick, chair of banking banking firm Cantor Fitzgerald, is working with Softbank, Tether and Bitfinex until Create a $ 3 billion crypto acquisition company.
Tether is also involved in Bitcoin (Btc) Mining. The firm recently announced the intent that I -Deploy the existing and future hashrate of bitcoin In Ocean’s Bitcoin mining pool To strengthen network decentralization.
Tether din Buy 8,888 Bitcoin in the first quarter of 2025. Data from the Analytics platform of Onchain Arkham Intelligence Shut up That the firm is currently holding 95,721 BTC, which costs nearly $ 8.89 billion at the time of writing.
In late March, Tether also Invested in € 10 million ($ 11.4 million) in Italy’s media company is water. Some of the investments have already paid, with the Canadian YouTube Alternative Rumble recently Launching its purse with support for Tether’s USDT Stablecoin. It came after tether Investing $ 775 million to the rumble in late 2024.
Tether’s recent spending is likely to be at least one part because of the company’s intent to open up against a falling US dollar. However, Obchakevich thinks this is not the whole story because “companies like Tether are playing for a long haul, and a situational drop in the market dollar due to tariffs will not cause money to spend fast.” He said:
“Dealing with Juventus is not a situational story, I’m sure it’s ready for a long time before the tariffs and the dollar fell.”
