Tether increases its stake in Adecoagro from 51 per cent to 70 per cent
Stablecoin USDT issuer Tether has reportedly increased its stake in Latin American agricultural company Adecoagro.
Tether has reportedly increased its stake in Adecoagro from 51 per cent to 70 per cent at a price of $12.41 per share, with AGRO shares rising more than 7 per cent to $11.95 in pre-market trading following the announcement.
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
