Tether Increases Investment in Juventus, Strengthening Stake to Over 10%

Tether, the issuer behind the world’s most prominent stablecoin, has significantly boosted its stake in Juventus Football Club, now holding over 10% of the club’s shares following a recent expansion of its investment.

This move gives Tether Investments S.A. de C.V., the company’s investment arm, 6.18% of voting rights, positioning the stablecoin giant as a key player in the club’s financial and strategic future. It signals Tether’s deepening commitment to Juventus, which stands as one of the most celebrated football clubs in Europe with a legacy of 36 league titles.

Tether initially acquired an 8.2% stake in the club in February, and this latest increase emphasizes the company’s confidence in Juventus’s ability to drive value both on and off the field.

Paolo Ardoino, CEO of Tether, highlighted that the investment is about more than just financial returns. “Juventus is uniquely poised to lead in both football excellence and the adoption of innovative technologies that will transform fan interactions and enhance the club’s financial resilience,” said Ardoino. “We look forward to partnering with them in this exciting new chapter.”

Tether has also expressed its readiness to engage in future funding rounds to further solidify Juventus’s financial foundation and mitigate any potential dilution of its stake.

Beyond football, Tether continues to diversify its portfolio, with investments spanning artificial intelligence, bitcoin mining, and agriculture. The company reported $13 billion in profits last year, reinforcing its expanding footprint across multiple industries.

Shares of Juventus have risen more than 2.7%, reaching 3.2 euros ($3.65) at the time of writing.