Tether Ups Its Share in Juventus, Crossing the 10% Mark

Tether Strengthens Position in Juventus with Stake Now Over 10%

Tether, the issuer of the world’s leading stablecoin, has increased its investment in Juventus Football Club, surpassing the 10% ownership threshold after a recent purchase of additional shares in the iconic Italian team.

This latest acquisition grants Tether Investments S.A. de C.V., the investment arm of Tether, 6.18% of the club’s voting rights. The move solidifies Tether’s position as a significant stakeholder and hints at a growing influence in the governance and strategic direction of the club, which has long been a dominant force in European football with 36 league titles to its name.

Initially acquiring an 8.2% stake in February, Tether’s expanded investment reflects a firm belief in Juventus’s potential, not just on the pitch but also in its ability to embrace technology and innovation in the digital age.

CEO Paolo Ardoino framed the investment as a strategic move aligned with the company’s broader vision. “Juventus has the unique opportunity to harness technology to enhance fan experiences, boost engagement, and ensure long-term financial strength,” said Ardoino. “We are excited to play a role in this next phase of growth for the club.”

Tether has also expressed a willingness to participate in future capital raises to strengthen Juventus’s financial position and safeguard its stake from dilution.

Beyond sports, Tether has expanded its investment interests into sectors such as artificial intelligence, bitcoin mining, and agriculture, having posted an impressive $13 billion in profits last year.

Juventus shares have seen a notable increase, climbing over 2.7% to 3.2 euros ($3.65) as of the latest market data.