Key dishes to remember
- Tether increased his participation in Juventus Football Club to 10.12% of the share capital issued.
- Tether considers this investment as a commitment to innovation and collaborative growth with Juventus.
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Tether increased his participation in Juventus Football Club to 10.12% of the share capital issued, representing 6.18% of the voting rights, following his purchase of additional shares, according to the announcement of the company Thursday.
The investment is based on the initial participation of 8.2% of Tether in the Turin -based football club, expanding the position of the cryptographic society in one of the most eminent sports institutions in Italy.
“We are proud to become an important shareholder of Juventus, a club with a story, a brand and a base of fans that are unparalleled,” said Tether CEO, Paolo Ardoino. “This investment is not only financial – it is a commitment to innovation and long -term collaboration. We believe that Juventus is only placed to direct both in the field and by adopting a technology that can raise fans’ commitment, digital experiences and financial resilience. ”
TETHER, including the Stablecoin USD ₮ serves more than 400 million users worldwide, has expressed its desire to participate in future equity injections to maintain its position and strengthen the club’s financial foundation. The company aims to work with Juventus leadership to support strategic growth while exploring the training of an integrated board of directors.
Earlier this year, Tether has expanded his investment portfolio by acquiring minority participation in Juventus as part of its diversification strategies in professional sports.
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