Tether Expands Stake in Juventus Football Club

Tether’s investment arm has announced the purchase of additional shares in the Italian football club Juventus.

As a result, the firm’s stake has increased to 10.12%, corresponding to 6.18% of voting rights.

Tether CEO Paolo Ardoino noted that the deal is not merely a financial investment:

“Juventus has unique opportunities to excel on the field and in leveraging technology to enhance fan engagement and boost financial sustainability.”

The company also plans to participate in future investments to “help strengthen the club’s financial foundation and prevent any weakening of its position.”

Back in February, the firm acquired a minority stake in Juventus.