Tether Invests in Juventus, Diversifying Portfolio Beyond Cryptocurrency

Stablecoin issuer Tether has increased its stake in Italian football club Juventus to 10.12%, signaling a shift in the company’s investment strategy beyond cryptocurrency. This move marks a significant step in Tether’s diversification efforts, which have included investments in various industries like video-sharing platform Rumble and agribusiness firm Adecoagro. The decision comes after the company already held over 5% of voting rights through previous purchases.