Tether acquires 30% stake in Italian media company Be Water
According to Bloomberg, stablecoin issuer Tether will spend approximately 10 million euros to acquire a 30% stake in the Italian media company Be Water. Be Water includes podcast production companies Chora Media and Will Media, as well as film and television production distributor Be Water Film. This transaction is part of Tether's recent investment boom, which has previously involved agriculture, AI, brain-computer interfaces and other fields. The current market value of Tether's USDT is about $144 billion USD, mainly supported by highly liquid assets such as U.S. Treasury bonds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Silver Price Forecast: XAG/USD trades flat around $53 ahead of US inflation data
Swiss Franc holds ground as US Dollar consolidates ahead of CPI inflation data
Net profit surges fivefold but masks decline in core business; crypto mining companies' shift to AI poses hidden risks
Marathon Holdings' Q3 net profit reached $632 million, up 413% year-on-year. However, its mining revenue declined by 35%. The company relied on selling 13,500 BTC to pay off debts and is now betting on AI infrastructure, increasing the risk of an imbalanced profit structure.
Lithium-For-Earth Raises KRW 1.32 Billion in Private Placement
Crypto prices
More
