Summary
- Tether announced that it has become the second largest shareholder of Juventus in Italy's Serie A.
- Tether Investment, a subsidiary of Tether, reported holding a 10.7% stake in Juventus.
- It was stated that the value of Tether's stake amounts to approximately $149 million.
Tether (USDT), the issuer of the dollar-based stablecoin Tether, has become the second largest shareholder of Juventus (JUV), a renowned football club in Italy's Serie A league.
On the 25th (local time), Bloomberg reported that Tether has risen to become the second largest shareholder of Juventus. Previously, Tether Investment, a subsidiary of Tether, announced in April that it had increased its stake in Juventus to 10.7%.
The media added, "As recently as last year, there had been no cases where a cryptocurrency company became a major shareholder in one of Europe's major football clubs," and "Tether's stake is currently worth around €128 million (approximately $149 million)."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
