Tether boosts Juventus stake to 10% in latest strategic buy
Tether Investments acquired additional shares in Juventus Football Club, increasing its total stake to over 10.12% of the issued share capital and 6.18% of voting rights. Tether's CEO emphasized the investment as a commitment to innovation and long-term collaboration, aiming to enhance fan engagement and digital experiences. Analysts suggest this move aims to improve Tether's image with regulators and attract non-crypto investors, especially after compliance issues affected its access to the European market. Tether is also pursuing other investments, including a partnership to create a $3 billion crypto acquisition company and significant Bitcoin holdings. Recent investments include €10 million in Italian media company Be Water and $775 million in Canadian platform Rumble. Tether's spending spree is viewed as a strategy to hedge against a declining US dollar while positioning for long-term growth.
