Tether Expands Stake in Juventus Football Club to 10.12%, Solidifying Strategic Partnership
Tether, the issuer of the world’s largest stablecoin, has increased its ownership in Juventus Football Club to 10.12% of issued share capital, becoming the third-largest shareholder. The $10.12 billion investment grants Tether 6.18% voting rights, up from 5% previously held for an 8.2% stake.
The move signals Tether’s aggressive expansion beyond digital assets into sports, AI, media, and Bitcoin mining sectors. This strategic investment deepens ties with the Italian football giant, demonstrating crypto’s growing influence in traditional sports franchises.
Juventus, while facing recent challenges, gains a technologically sophisticated partner as Tether continues its acquisition spree. The transaction exemplifies how cryptocurrency firms are leveraging capital to establish footholds in mainstream industries.