Tether Increases Stake in Juventus Football Club to Over 10%
Tether has increased its stake in Juventus Football Club to over 10%, solidifying its position as a significant shareholder. Key points include:
- Tether Investments S.A. de C.V. now holds 6.18% of voting rights.
- The initial acquisition was an 8.2% stake in February.
- Tether aims to enhance fan engagement and digital experiences at Juventus.
- The company is open to future capital infusions to strengthen Juventus's financial status.
- Tether reported $13 billion in profit last year, investing in sectors like AI and bitcoin mining.
- Juventus shares rose over 2.7% to €3.2 ($3.65).