The world's largest stablecoin issuer, Tether, has increased its shares in the Juventus Club! Here are the details.

The issuer behind the world's largest stablecoin USDT, Tether, has increased its stake in Juventus Football Club, one of Europe's oldest football institutions, raising its total stake to over 10%.

Tether Signaled a Deeper Strategic Involvement by Increasing Its Stake in Juventus to Over 10%

The investment arm controls 6.18% of the voting rights of the Tether club, solidifying its position as a significant shareholder in the Italian Serie A giant.

Tether first entered among the shareholders of Juventus by purchasing an 8.2% stake in February, and now with this latest move at the beginning of this month, it has further advanced its participation.

Tether CEO Paolo Ardoino emphasized that "we believe Juventus is in a unique position to lead the adoption of technology that can enhance both on-field performance and fan engagement, as well as digital experiences and financial flexibility, and that the agreement is about more than just revenue."

Tether's increasing stake indicates a broader ambition to be more involved in Juventus's management and long-term financial strategy.

The company also stated that it is open to participating in future capital infusions to help strengthen the club's balance sheet and prevent shareholder dilution.

Founded in 1897, Juventus has won 36 league championships and is considered one of the most successful football clubs in Europe.

The investment made in Juventus is part of Tether's expanding portfolio, which includes initiatives in artificial intelligence, Bitcoin mining, and agriculture. The company recently reported a profit of 13 billion USD for the year 2024, providing significant firepower for further strategic investments.

Juventus' stocks rose by 2.7% to €3.20 after the news, reflecting increasing market confidence in the club's developing financial support, with (JUVE) reaching 3.65 dollars.