Tether, the coded currency company behind Stable Stablecoin at $ 140 billion, said on Friday that it had invested in the Italian Football Club Juventus.
The arm of the investment company, Tether Investments, acquired a minority stake in the sports club, according to a joint press statement with Coindsk. Juvenus FC shares, which are publicly traded on the Italian Stock Exchange, advanced 1.5 % immediately after the news.
“Compatibility with our strategic investments in Juve, Tether will be a pioneer in merging new technologies, such as digital assets, artificial intelligence, and biotechnology, with the firm sport industry to push change worldwide,” Tether Paulo Erdino CEO, Tether Erdino, said in a statement. .
The acquisition comes after the rope I mentioned 13 billion dollars of profits last year, and later expanded its basic business in Stablecoin with investments in artificial intelligence, payments and energy companies.
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