Tether, a significant player in the cryptocurrency market with the USDT stablecoin valued at $140 billion, has declared its intent to invest in the Italian football club Juventus FC.

The firm’s investment division, Tether Investments, has acquired a minority stake in the club. This news led to a 1.5% increase in Juventus’s stock price on the Italian stock exchange.

Highlights:

• Tether Investments recently announced its acquisition of a minority stake in Juventus FC.
• The announcement correlated with a 1.5% rise in Juventus shares on the Italian stock market.
• Tether reported a substantial profit of $13 billion in the previous year, broadening its investments into AI, payment systems, and energy sectors.

“Aligned with our strategic investment in Juve, Tether will be a pioneer in merging new technologies, such as digital assets, AI, and biotech, with the well-established sports industry to drive change globally,” said Tether CEO Paolo Ardoino.

Tether’s recent profit report and expansion into various sectors have further bolstered confidence in its strategies.