Tether Investments — the investment arm of leading stablecoin issuer Tether — acquired additional shares in Juventus Football Club.
According to an April 24 announcement, with its latest investment, Tether brought its total participation in Juventus to over 10.12% of the issued share capital, representing 6.18% of the voting rights. The investment follows the firm’s initial acquisition of 8.2% of the issued shares.
Tether’s second Juventus investment announcement’s image. Source: Tether
Tether CEO Paolo Ardoino said that the investment is not only a short-term financial maneuver but “a commitment to innovation and long-term collaboration.” He added:
“We believe Juventus is uniquely positioned to lead both on the field and in embracing technology that can elevate fan engagement, digital experiences, and financial resilience. We’re excited about the opportunities ahead.”
Founder of Obchakevich Research, Alex Obchakevich, told Cointelegraph that Tether’s