Tether becomes the second largest shareholder of Juventus football club
On June 25, according to Bloomberg data, Tether Holdings SA currently holds 10.7% of the shares in the prestigious football club Juventus. With a value of approximately 128 million euros, equivalent to 149 million USD, this is a significant advancement for a cryptocurrency company in the professional sports sector.
Goal to join the board of Juventus
Tether aims to secure a seat on Juventus' board to exploit the potential for long-term collaboration between the fintech company and the top European football team. However, Juventus has announced that all related negotiations will be temporarily postponed until after the club World Cup.
The significance of the deal in the global cryptocurrency market
This is an important milestone as before 2025, no major football club in Europe had included a cryptocurrency company among its strategic shareholders. The entry of Tether into Juventus' shareholder structure marks a deeper penetration of blockchain finance into traditional sports.
Tether increases its stake in Juventus
Previously, Tether had increased its ownership stake in Juventus by an additional 10%, reinforcing its position in the European football industry. This move not only increases influence but also opens up many opportunities for integrating tokenization technology and smart contracts in business and marketing activities for the club.
Tether becoming a major shareholder in Juventus not only creates a turning point in the financial-sport direction but also reflects the trend of merging representatives from traditional economies with the new generation of cryptocurrency. This is essential information for investors and those interested in the tokenized assets market, as well as for anyone following the development of cryptocurrencies in the global sports industry.
Source: https://tintucbitcoin.com/tether-tang-anh-huong-blockchain-juventus/
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