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Tether Invests in Italian Football Club Juventus FC
Tether, the cryptocurrency firm behind the $140 billion USDT stablecoin, has announced an investment in Italian football club Juventus FC.
Minority Stake Acquisition
Tether’s investment arm, Tether Investments, has acquired a minority stake in the sports club, according to a press release shared with CoinDesk.
Juventus FC Shares Rise
Juventus FC shares, which are publicly traded on the Italian stock exchange, advanced 1.5% immediately after the news.
Tether’s Strategic Investment
“Aligned with our strategic investment in Juve, Tether will be a pioneer in merging new technologies, such as digital assets, AI, and biotech, with the well-established sports industry to drive change globally,” said Tether CEO Paolo Ardoino in a statement.
Tether’s Recent Business Developments
The acquisition comes after Tether reported $13 billion in profits last year, and expanded beyond its core stablecoin business with investments in artificial intelligence, payments, and energy companies.
Conclusion
Tether’s investment in Juventus FC marks a significant milestone in the company’s efforts to merge traditional industries with new technologies. As a pioneer in the digital asset space, Tether is poised to drive change globally through its strategic investments and partnerships.
FAQs
What is Tether’s investment in Juventus FC?
Tether’s investment arm, Tether Investments, has acquired a minority stake in Juventus FC, an Italian football club.
How did Juventus FC’s shares react to the news?
Juventus FC shares rose 1.5% immediately after the news of Tether’s investment.
What is Tether’s strategy for its investment in Juventus FC?
Tether aims to merge new technologies, such as digital assets, AI, and biotech, with the well-established sports industry to drive change globally.
What are Tether’s recent business developments?
Tether reported $13 billion in profits last year and expanded beyond its core stablecoin business with investments in artificial intelligence, payments, and energy companies.
