Tether, the issuer of the world’s leading stablecoin, has increased its holdings in Juventus Football Club to surpass 10%, after boosting its share in the Italian team earlier this month.

This latest move establishes Tether Investments S.A. de C.V. with 6.18% of voting rights, solidifying Tether’s role as a significant stakeholder and suggesting a more involved participation in the governance and financial future of one of Europe’s most renowned sports teams.

Highlights:

• Tether has increased its stake in the well-known European soccer club Juventus to over 10%.
• This action elevates its total voting rights to 6.18% and coincides with Tether’s investments across several sectors.
• Tether indicated it might assist Juventus with future capital increases.

Juventus, established in 1897 and boasting 36 league championships, ranks as a prominent club in Italian and European soccer. Tether originally procured an 8.2% stake in the club in February.

Tether’s CEO Paolo Ardoino remarked that this transaction is more than a mere financial investment, stating, “We believe Juventus is uniquely positioned to lead both on the field and in embracing technology that can elevate fan engagement, digital experiences, and financial resilience. We’re excited about the opportunities ahead.”

The company also conveyed its intention to participate in future capital raises to strengthen Juventus’s financial base and prevent dilution of its shareholding.

The substantial stablecoin issuer, which reported $13 billion in profit last year, has forayed into various sectors including AI, bitcoin mining, and agriculture. As of the time of this report, Juventus shares have risen over 2.7% to 3.2 euros ($3.65).