Tether Acquires Minority Stake in Juventus Football Club

The stablecoin giant aims to integrate emerging technologies with the sports industry following its strategic investment in the Italian soccer club.

Tether, the company behind the $140 billion USDT stablecoin, has acquired a minority stake in Italian soccer club Juventus FC.
Juventus shares rose by up to 4.7% following the announcement, reflecting investor optimism about the move.
Tether CEO Paolo Ardoino emphasized plans to merge digital assets, AI, and biotech with the sports industry to drive innovation.
Juventus, historically controlled by the Agnelli family, has faced financial challenges and recently reported a €200 million loss for the fiscal year ending June 30.
The investment aligns with Tether's broader strategy of diversifying its portfolio, which includes ventures in AI, biotech, and other emerging technologies.