Tether Invests €10 Million in Italian Media Company Be Water
Tether (USDT) has invested €10 million in Be Water, an Italian media company, acquiring a 30.4% stake. This partnership aims to enhance digital content distribution and integrate advanced technological solutions for Be Water's international expansion.
Key details include:
- Tether executives will join Be Water's Board of Directors, including Claudia Lagorio and Sabrina Giovannetti.
- Be Water plans to develop a cutting-edge digital infrastructure and establish strategic partnerships in film and television.
- Tether reported profits over $13 billion last year, indicating strong financial health.
- The firm has diversified investments, including stakes in Zengo Ltd., Rumble, and Juventus Football Club.
- Tether increased its stake in Adecoagro S.A to 70%, becoming the majority owner.
This investment reflects Tether's strategy to support innovative ventures beyond financial technology.