Tether Increases Stake in Juventus to Over 10%, Signaling Strategic Expansion
Tether, the issuer of the world’s largest stablecoin, has elevated its stake in Juventus Football Club to more than 10%, solidifying its position as a major shareholder. The move grants Tether Investments S.A. de C.V. 6.18% of voting rights, suggesting deeper involvement in the club’s governance and financial strategy.
Founded in 1897, Juventus is a cornerstone of Italian and European football with 36 league titles. Tether initially acquired an 8.2% stake in February. CEO Paolo Ardoino framed the investment as transcending finance, highlighting Juventus’ potential to merge sports leadership with technological innovation.