In a bold move that’s turning heads, Tether, the powerhouse behind the largest stablecoin in circulation, has just announced a hefty investment of 10 million Euros into Be Water, an up-and-coming media company based in Italy. Think about it—what does it really mean when a financial titan like Tether decides to dip its toes into the vibrant world of media innovation? This monumental investment not only grants Tether a 30.4% stake in Be Water but also ushers in a new era of digital content distribution, where cutting-edge technology and storytelling collide. And if that’s not enough, Tether’s increased majority stake in Adecoagro to 70% signals its intent to diversify its portfolio even further. Ready to catch the wave of this exciting expansion? Let’s dive in to explore how Tether is reshaping not just finance but the media landscape, too. LEARN MORE
Key Notes
- Tether has invested 10 million Euros in Be Water media, gaining a stake and placing representatives on the Board of Directors.
- The firm has also increased its majority stake in Adecoagro to 70%, an offer now approved by the Board.
- Tether has continued to diversify its investment portfolio with a major expansion move
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The world’s largest stablecoin issuer, Tether (USDT), has announced a recent investment in Be Water, a growing Italian media company. Tether said the investment strengthens its commitment to modern media innovation.
Tether Injects $10.7B in Be Water
As revealed in its announcement, Tether said it injected 10 million euros of capital into Be Water. The investment will see Tether acquire a 30.4% stake in Be Water by the end of the month.
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