Tether Pours Capital Into Media, Agriculture Companies Amid Investment Spree
Tether has expanded its investment strategy by purchasing significant stakes in companies outside the cryptocurrency arena, following record profits in 2024. The firm acquired 49,596,510 shares of Adecoagro, a Latin American agricultural company, increasing its holding to 70%. Tether's CEO, Paolo Ardoino, stated that this aligns with their goal of supporting businesses that promote economic freedom in regions where it is crucial. Additionally, Tether announced an investment in Italian media company Be Water, where it will hold a 30.4% stake through a €10 million capital increase. This investment underscores Tether's commitment to supporting independent media narratives, as emphasized by Ardoino. The recent moves come after Tether reported net profits exceeding $13 billion for 2024, highlighting its strong financial position and confidence in diversifying investments to foster innovation and resilience.
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