Tether ups its stake in Juventus Football Club to 10.12%
Tether has increased its stake in Juventus, reportedly as part of a broader effort to re-enter the European market after being sidelined by compliance issues under MiCA.
Tether Investments, the investment arm of the stablecoin issuer Tether ( USDT ) has increased its stake in Juventus Football Club to over 10.12% of the issued share capital, representing 6.18% of the voting rights. This follows an initial acquisition of 8.2% of the club’s shares.
Alex Obchakevich, founder of Obchakevich Research, told Cointelegraph that the increased stake is part of Tether’s efforts to improve its image and regain access to the European market after losing it due to compliance issues with the Markets in Crypto-Assets Regulation (MiCA).
Earlier this year, Binance delisted USDT from spot trading pairs in the European Economic Area to comply with the MiCA regulation. The delisting began in early March and was fully implemented by April.
That said, Tether recently backed the launch of MiCA-compliant stablecoins EURR and USDR via StablR and Oobit, aiming to regain market presence in Europe after USDT was delisted by major exchanges.
In addition to the Juventus investment, Tether has been actively acquiring stakes in other companies. Recently, the firm invested €10 million ($11.4 million) in the Italian media company Be Water and poured $775 million into the Canadian video platform Rumble in late 2024.
Despite growing stakes in various companies, a reported $13 billion profit in 2024 and a projected $7.4 billion in 2025 EBITDA, placing Tether among the world’s top 20 most valuable companies, Tether has stated it has no plans to go public.
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
Australian Dollar breaks 0.69 as hot US CPI raises 50-bp Fed hike risk
Philadelphia Fed President Paulson supports gradual rate hikes but warns inflation is still “stuck ” above target
Core inflation is "stuck" in the 2.5%-3% range, with triple pressures from tariffs, energy, and AI data center demand. Paulson insists on gradual rate hikes while setting clear trigger conditions—if inflation expectations shift upwards or wage pressures build, he will move more quickly. Meanwhile, Governor Waller stated that if October's core CPI rises 0.3% month-on-month, a 50 basis point rate hike in December should be considered. Dallas Fed's Logan said at least two more rate hikes are needed.
During Anthropic IPO roadshow, OpenAI also discloses financial data: Q3 revenue falls short, losses far exceed expectations
OpenAI's revenue in Q3 reached $10 billion, marking a nearly 50% quarter-on-quarter increase. Its annualized run rate is approximately $50 billion, but operating losses have expanded from $10.1 billion to $10.9 billion. Competitor Anthropic has begun its IPO roadshow, with Q3 revenue of $17 billion and losses of only $567 million, leading in both scale and profitability.
Petrobras (PBR.US) Achieves Record Oil and Gas Production in Q3; Adjusted Net Profit Up 78% Year-on-Year, Raises Full-Year Production and Capital Expenditure Guidance
Petrobras released its Q3 2026 financial results after the US market close on November 10.
Crypto prices
More
