Tether, the world’s largest stablecoin exporter, increased his shares at Juventus Club! Here are the details

The world’s largest stablecoini is the exporter behind USDT Tether, One of the most established football institutions in Europe On Juventus Football Club Increasing his shares, he increased his total shares over 10 %.

Tether signaled deeper strategic participation by increasing his shares in Juventus above 10 %

The investment arm controls 6.18 %of the club’s voting rights and strengthens its position as an important shareholder in the Italian Serie A giant.

Tether first entered the shareholders of Juventus by acquiring a share of 8.2 %in February, and now he made his participation in this last move in the beginning of this month.

Tether CEO Paolo Ardoino said, “Juventus believes that the agreement is more than a return to lead to adopting technology that can increase the participation of fans, digital experiences and financial flexibility.

The increasing share of Tether points to a wider ambition to be more involved in Juventus’ management and long -term financial strategy.

The company also stated that it is also open to participating in future capital infusions to help strengthen the club’s balance sheet and prevent shareholders from dilution.

Founded in 1897, Juventus has 36 league championships and is considered one of the most successful football clubs in Europe.

The investment in Juventus is part of Tether’s expanding portfolio, including artificial intelligence, Bitcoin mining and attempts in agricultural areas. The company recently reported that it has earned 13 billion dollars for 2024 and provided significant firepower for more strategic investment.

After the news, Juventus’ shares rose to € 3.20 ($ 3.65) with an increase of 2.7 %and reflected the increasing market confidence for the developing financial support of the club.

*It is not an investment advice.