Tether Boosts Stake in European Football Club Juventus to Over 10%
Tether has increased its stake in the Juventus Football Club to over 10%, enhancing its voting rights to 6.18%. Initially investing 8.2% back in February, Tether has solidified its role as a significant shareholder, indicating plans for deeper engagement in the club's governance and financial decisions. Tether's CEO, Paolo Ardoino, emphasized that this move transcends financial investment, as Juventus is positioned to advance fan engagement and leverage technology for improved digital experiences. The stablecoin giant plans to assist in future capital infusions to strengthen Juventus’s financial position. As a major club with a rich history, Juventus boasts 36 league titles, and Tether's investment aligns with its broader strategy of diversifying into sectors like artificial intelligence and agriculture. The shares of Juventus have risen by more than 2.7%, reflecting investor confidence amid Tether's investment strategy.
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