Tether Boosts Juventus Stake to 10%

Tether Increases Juventus Stake to Over 10%

Tether, the issuer of the USD₮ stablecoin, has significantly increased its investment in Juventus Football Club. According to a recent announcement, Tether now holds a 10.12% stake in the club's issued share capital, representing 6.18% of voting rights.

Key Takeaways:

• Tether's stake in Juventus has grown to 10.12% of issued share capital.
• This represents a significant increase from their initial investment.
• Tether views this as a long-term commitment to collaboration and innovation.

This expansion builds on Tether's earlier acquisition of an 8.2% stake in Juventus earlier this year. The move solidifies Tether's position as a major shareholder in one of Italy's most prominent football clubs.

Tether CEO Paolo Ardoino stated, "We are proud to become a significant shareholder of Juventus... This investment is not just financial—it’s a commitment to innovation and long-term collaboration. We believe Juventus is uniquely positioned to lead both on the field and in embracing technology that can elevate fan engagement, digital experiences, and financial resilience."

Tether has indicated a willingness to participate in future funding rounds to further strengthen Juventus's financial position. The company aims to collaborate with Juventus's leadership on strategic growth initiatives and explore opportunities for board representation.

This strategic investment reflects Tether's broader diversification strategy into professional sports, leveraging the global reach of the Juventus brand and fan base.

At Codeum, we provide comprehensive blockchain security and development solutions. Our services include smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consultation, and strategic partnerships with launchpads and crypto agencies. Contact us to learn more about how we can secure your next blockchain project.